The Fed continued its mysterious behavior on Thursday, pulling a reverse repo out of its hat for the first time in ages. The Fed did only $3 billion in 14 day repos, an unusually small number for the regular 14 day. Then they added a little icing to the cake with $5.25 billion in reverse repos. There were $11 billion in expirations. The net result was a drain of $13.25 billion. 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.
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