Funny how the Fed insisted that their liquidity injections had no influence on markets on the way up but now they ramp them up to protect markets.

https://twitter.com/NorthmanTrader/status/1236997142109196288

“Beginning today the Desk will increase amount offered in daily overnight repo operations from at least $100B to at least $150B…increase amount offered in 2-week term repo from at least $20B to at least $45B”

Panic stations.

ht ⁦@bondstrategist⁩ https://t.co/VaVJdRizTr

— Danielle DiMartino Booth (@DiMartinoBooth) March 9, 2020

Fed is panicking!

https://twitter.com/NorthmanTrader/status/1236991222281109505

AC