EVEN MORE UNUSUAL: $19.5 BILLION REPO The afternoon session of the SRF got tapped in even larger size It's somewhat normal for the morning repo to be tapped, but much more unusual for the afternoon session to see this kind of use
Milo
@milocredit
02-18
UNUSUAL:
This morning, banks tapped $11 billion from the Fed's emergency liquidity facility, the Standing Repo Facility ("SRF")
We're not at quarter-end or tax-deadline, so why are banks scrambling for cash?
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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