The Fed jammed a net of $5.88 billion including a $1.88 billion permanent purchase into the liquidity pool as it faces a wave of Treasury settlements this week. It pumped in another $9.5 billion in overnight repos along with the permanent, against expirations of $5.5 billion. The Treasury starts out with a request for $4 billion in new cash at Monday’s bill auctions. The 4 week bill raises new cash of $17 billion. Click here to download complete report in pdf format (Professional Edition Subscribers).
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