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Behind the Fed’s Smokescreen- WSE Pro – UPDATED

The smokescreen continues. Today’s 43 day repo operation that the Fed pre announced on Monday is generating a lot of hubbub, but the sum total of the Fed’s actions today is a net drain of $8.75 billion. The 5 day net fell to a drain of $6.25 billion which is really shocking at this time of year. Report updated to include 2 year note auction results. 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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