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Fed Still Mopping Up – WSE Pro

The Fed drained another $3.25 billion from the markets on Wednesday, the fiftth day in a row of draining operations. They added $2.25 billion in overnight repos against $5.5 billion in expirations. The action brought the 5 day net to an incredible drain of $20.25 billion. Yesterday’s 5% stopout rate on the repo auctions is now 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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