Haven’t been able find the latest total on USD swap lines advances by the Fed.
But at the last ECB tender they set the rate above ‘market rates’ and didn’t get a lot of takers for that reason.
I suspected that would leave the market short USDs and USD LIBOR would trade up until the next tender when the size would again pick up as shorts scramble to cover.
Seems to be happening.
ECB USD tender
| Time | Euro | (Euro change) | Sterling | (Sterling change) | Dollar | (Dollar change) |
| Overnight | 3.55625 | (-0.01125) | 4.56250 | (-0.01875) | 1.20625 | (+0.08750) |
| 1 Week | 3.92750 | (+0.03000) | 4.97500 | (-0.04375) | 2.19750 | (+0.02875) |
| 2 week | 4.04250 | (-0.00750) | 5.42500 | (-0.03750) | 2.55375 | (+0.03500) |
| 1 month | 4.58750 | (-0.00875) | 5.81125 | (-0.03375) | 3.25875 | (-0.01625) |
| 2 month | 4.73125 | (-0.01250) | 5.93750 | (-0.03500) | 3.38625 | (+0.00250) |
| 3 month | 4.91500 | (-0.01000) | 6.00500 | (-0.03375) | 3.53500 | (-0.00625) |
| 6 month | 4.99313 | (-0.01312) | 6.12500 | (-0.02250) | 3.53000 | (+0.04750) |
| 1 year | 5.05500 | (-0.02625) | 6.21875 | (-0.03500) | 3.50250 | (+0.07875) |
| 3 month LIBOR/OIS Spread (bps) | 171.60000 | (+8.500) | 219.40000 | (+0.100) | 251.85000 | (-0.275) |
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“Haven’t been able find the latest total on USD swap lines advances by the Fed.”
These boys work for you Warren, why do you accept their obscurity and they are your employees? If I worked at mosler supercar plant or valance technologies plant and you came by and wanted to know something and I said no way Warren, I am gonna keep you in the dark for your own good – what would you do? How have you and so many other people been brainwashed that ingorance is the best thing for you? I thought you wanted more transparency, why do you accept less?
Where are you seeing these #s published? BB is dropping the ball.
ECB website is all I can find.
hard to get net numbers and not sure what all it counts
http://www.ecb.int