In a real shocker, the Fed drained $3.25 billion in reserves on a day that the Treasury was settling $21 billion net in new T bills, and also auctioning $23 billion CMBs settling tomorrow. Click here to download complete report in pdf format (Professional Edition Subscribers). In a real shocker, the Fed drained $3.25 billion in reserves on a day that the Treasury was settling $21 billion net in new T bills, and also auctioning $23 billion CMBs settling tomorrow.
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