The Fed added a massive $10.75 billion to the liquidity pool on election eve Monday adding that amount in overnight repos against no expirations. The 5 day net rose to an add of $11.43 billion. This week’s election eve Treasury refunding will include a short term $12 billion paydown, so the market looks like it will be swimming in cash for at least a few days. Click here to download complete report in pdf format (Professional Edition Subscribers).
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