They are going to add a lot of Reserves to Depositories next week:Treasury Secretary Steven Mnuchin said he’s working closely with Fed Chairman Powell to make sure there are ample reserves following funding strains in money markets in September, which he attributed in part to bank liquidity rules.https://t.co/xA76QhGFvV— Kate Davidson (@KateDavidson) December 5, 2019 Treasury ops adding about 38B Tues+Thurs and Fed adding another 25B via new operation Monday... 20B social security Weds... maybe 75Bish total... then it will all quickly reverse with qtrly taxes due on Monday the 16th... might bring total Reserves at Depositories closer to 1.7T by end of week...
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
NewDealdemocrat writes The Household Survey isn’t the only data series sending up caution flares
Joel Eissenberg writes Is China eating our EV lunch?
Angry Bear writes Republican U.S. States Sue EPA over Strict Power Plant Emission Rules
Angry Bear writes Clawback of money looted by Cerberus, de la Torre, and MPT from Steward Health Care
They are going to add a lot of Reserves to Depositories next week:
Treasury Secretary Steven Mnuchin said he’s working closely with Fed Chairman Powell to make sure there are ample reserves following funding strains in money markets in September, which he attributed in part to bank liquidity rules.https://t.co/xA76QhGFvV
— Kate Davidson (@KateDavidson) December 5, 2019
Treasury ops adding about 38B Tues+Thurs and Fed adding another 25B via new operation Monday... 20B social security Weds... maybe 75Bish total... then it will all quickly reverse with qtrly taxes due on Monday the 16th... might bring total Reserves at Depositories closer to 1.7T by end of week...