Dollar funding stress keeps rising as the US Treasury additionally demands dollars and floods the market w/bills. Libor OIS risk spread jumps to 137bps, the highest level since GFC. pic.twitter.com/qYXyWyxxv4
— Holger Zschaepitz (@Schuldensuehner) April 2, 2020
Round of applause for the Federal Reserve 👏
The $USD is officially a funding currency… $EUR $JPY $CHF all have a 3-month positive implied yield. It only took 150bps of rate cuts, unlimited QE, CB swap lines and 7 lending facilities pic.twitter.com/Ls9UdyfNcR— Viraj Patel (@VPatelFX) April 2, 2020
Here it comes:
Fed Set to Launch Multitrillion Dollar Helicopter Credit Drop
Central bank balance sheet could double to $9-to-$10 trillion*willt.co/2n0WuGcHeV
— Sven Henrich (@NorthmanTrader) March 26, 2020
In the latest week the Fed's balance sheet exploded by $586.1 billion. That is over 7 months of QE3 in one week! The Fed's balance sheet is now $5.24 trillion, almost 20% larger than it was before the Fed's QT started. At this rate the balance sheet will hit $10 trillion by June!
— Peter Schiff (@PeterSchiff) March 26, 2020