The Fed added $1.5 billion to the liquidity pool on Friday doing $4 billion in weekend repos against $2.5 billion in expirations. The 5 day net rose to an add of $2.43 billion. Next week’s Treasury refunding will include a short term $25 billion paydown settling the following week, but that will be absorbed within two weeks with big increases in the size of the bill auctions, particularly the 4 week bills. Click here to download complete report in pdf format (Professional Edition Subscribers).
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