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Fed Withholds As Treasury Begins Sucking Cash – WSE Pro

The Fed essentially stood still on Wednesday adding just 1/4 billion to the markets. They did it with $4.5 billion in 6 day repos against $4.25 billion in expirations. The 5 day held at a drain of $5.5 billion, a punitive performance by the Fed, especially in view of the fact that the Treasury will be pulling a substantial chunk of cash out of the market over the next 3 days. 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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