The Fed continued to pump full blast, adding a net of $3.5 billion on top of yesterday’s, jam of $12.50 billion. Today’s $16 billion repo will expire on Thursday, leaving a total rollover of a gargantuan $46 billion rollover. It has now taken two days of huge adds to keep the Fed Funds rate near the target of 4.75%. 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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