(USTs off o/n lows after PBoC cut RRR all on very light volumes) while WE slept; Discount Window OPEN and USTs liquidity a concern...
thebondbeat.substack.com
Good morning … A quick recap of week just past. Sunday evening - FDIC insures ALL deposits at couple troubled banks AND Fed weighs in with financing / bank rescue plan (BTFP) = 2yy down about 55bps. And THEN a couple days later CSFB gets 50bb from SNB and FRC gets 30bb from other larger banks. Last night we learn of the Fed’s discount window usage — finally — with a week lag showing there was in fact … interest,
(USTs off o/n lows after PBoC cut RRR all on very light volumes) while WE slept; Discount Window OPEN and USTs liquidity a concern...
(USTs off o/n lows after PBoC cut RRR all on…
(USTs off o/n lows after PBoC cut RRR all on very light volumes) while WE slept; Discount Window OPEN and USTs liquidity a concern...
Good morning … A quick recap of week just past. Sunday evening - FDIC insures ALL deposits at couple troubled banks AND Fed weighs in with financing / bank rescue plan (BTFP) = 2yy down about 55bps. And THEN a couple days later CSFB gets 50bb from SNB and FRC gets 30bb from other larger banks. Last night we learn of the Fed’s discount window usage — finally — with a week lag showing there was in fact … interest,