The Fed drained for the third time this week, pulling $4.5 billion out of the liquidity pool. The 5 day net remained at a drain of nearly $5 billion. In years past the Fed has typically added a large 30 day repo for the holiday season. It looks like they are foregoing that this year. The kettle is looking pretty empty on their Christmas fund drive. Click here to download complete report in pdf format (Professional Edition Subscribers).
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