The Fed added $1. 5 billion to the liquidity pool on Monday, with $6 billion in overnight repos against expirations of $4.5 billion. This week’s quarterly Treasury refunding will raise around $3 billion in new cash with another $11 billion coming from the weekly T-bill auctions. So far, the markets have shown no evidence of feeling any liquidation pressure from the Treasury supply. Click here to download complete report in pdf format (Professional Edition Subscribers).
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