Month-End Liquidity-Palooza: Banks finally used the new & improved SRF the way the Fed has been exhorting them to use it to keep a lid on repo rates. By Wolf Richter for WOLF STREET. Dallas Fed president Lorie Logan’s speech this morning couldn’t incorporate what happened at the Fed’s new and improved Standing Repo Facility (SRF) at the auction this morning and at …
Read More »Banks Borrow Record $50 Billion at Fed’s New SRF amid Hot Repo Rates, ON RRPs Spike to $52 Billion in Opposite Direction
