Well, they did it again! For the 5th time in the last 6 days, the Fed drained liquidity, taking $2.5 billion out of the system. Meanwhile, FCBs ran hog wild buying Agency debt over the past week, keeping our short term FCB indicator on the buy side. 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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