The Fed did a huge drain Friday, completely siphoning off Wednesday’s big pump job and then some. It drained a net of $7 billion from the liquidity pool with $4.5 billion in weekend repos against expirations of $11.5 billion. The market remained unfazed through mid afternoon. Click here to download complete report in pdf format (Professional Edition Subscribers).
Try the Professional Edition risk free for thirty days. If, within that time you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.