The Fed added $3 billion to the liquidity pool on Monday. Tomorrow’s 4 week bill T- Bill will raise a whopping $16 billion in new cash. The announcement had minimal impact as FCBs absorbed half of the new cash in the 13 week bills, and the Fed gave the market a $3 billion fix. It will be interesting to see how tomorrow’s 4 week bill auction goes. Click here to download complete report in pdf format (Professional Edition Subscribers).
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