The Fed did a small add to the liquidity pool on Monday, putting in a net of $1 billion by adding $7.75 billion in overnight repos against $6.75 billion in expirations. The 5 day net stayed negative. The rate was again well above the 5.25 target at 5.30-.31raising the question of whether the Fed could be setting up for a possible tightening. Click here to download complete report in pdf format (Professional Edition Subscribers).
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