The Fed rolled over all of Thursday’s $23 billion in expirations and added another ¾ billion for good measure. It pumped in $6.75 billion in overnight repos and a whopping $17 billion in 14 day repos. Meanwhile, the Treasury is settling a net of $15 billion in new paper today. That knocked the wind out of the AM stock market rally sails. Click here to download complete report in pdf format (Professional Edition Subscribers).
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