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4.75 History So Soon? WSE Pro

The Fed drained $1.75 billion from the markets on Tuesday, the fourth day in a row of draining operations. They added $5.5 billion in overnight repos against $7.25 billion in expirations. The action brought the 5 day net to a drain of $2.25 billion. In the process they pushed the stop out rate to 5% after Fed Funds traded at 4.92 overnight. What happened to the easy Fed? Is the 4.75% Fed Funds target already history? 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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