π’ LIQUIDITY ALERT
. The Fed just injected $31B into the U.S. banking system via overnight repos.
. Biggest liquidity add since COVID, Even larger than the Dot-com era peak
#liquidity
#fed
Collateral Tightness
Signs:
- Redo fails moving higher and remain high.
- 4 week bills moving faster than fed cuts.
Not related to bank reserves. Fed can't save you.
Risk off time for Euro-dollar.