The Fed drained $1.5 billion from the market on Tuesday, adding $3.75 billion in overnight repos against $5.25 billion in expirations. That brought the 5 day net to a net drain of $2.75 billion, which pales in comparison to the $65 billion in Treasury debt paydowns last week and this week. 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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