The Fed drained another $4.25 billion from the pool on Tuesday, but they’re set to put some of it back tomorrow. The Fed added $7.5 billion in 2-day repos, which means there will be no expirations tomorrow. There were $11.75 billion in expirations today. The Fed may be working to partially counter the extra liquidity effects of the recent temporary Treasury debt paydowns, including another $15 billion settling on Thursday. But so far this week the Fed has been on the generous side, with a 5 day net add of $4.58 billion.
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