Liquidity Shortage Getting Worse: Fed’s Repo Oversubscribed As Funding Demand Soars 50% Overnight

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FILE PHOTO - The seal for the Board of Governors of the Federal Reserve System is on display in Washington, DC, U.S. on June 14, 2017. REUTERS/Joshua Roberts/File Photo

20 minutes after today’s repo operation began, it concluded and there was some bad news in it: as we feared…

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