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.Fed to step up cash injections for banks to guard against market pressure
h/t @jennablan t.co/vpcBJI5te8
— Sven Henrich (@NorthmanTrader) March 9, 2020
“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 t.co/VaVJdRizTr
— Danielle DiMartino Booth (@DiMartinoBooth) March 9, 2020
Fed is panicking!
Every single prediction/statement the Fed has made regarding repo, not QE, rate intentions, you name it, has been wrong.
— Sven Henrich (@NorthmanTrader) March 9, 2020
AC