The Fed almost drained liquidity for the 7th day in a row Friday, doing no repos against no expirations. Without actually checking the record, I cannot recall a single occasion in the last 5-6 years when the Fed did not add net reserves for 7 days without a break. Even the Lord rested on the 7th day. Click here to download complete report in pdf format (Professional Edition Subscribers).Try the Professional Edition risk free for thirty days. If, within that time you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.
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