The Fed withdrew part of Monday’s massive $10.75 billion add by issuing $8 billion in two day repos, and doing a permanent TIPs purchase for $449 million, against $14.75 billion in expirations. The 5 day net reversed to a drain of $5.26 billion. There are no repos rolling over tomorrow. This week’s Treasury refunding will…
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WSE Pro – FCB Pullback
by Lee Adler • • 0 Comments
The Fed added $1.5 billion to the liquidity pool on Friday doing $4 billion in weekend repos against $2.5 billion in expirations. The 5 day net rose to an add of $2.43 billion. Next week’s Treasury refunding will include a short term $25 billion paydown settling the following week, but that will be absorbed within…