This seems to be on the way back up:
(The ECB/BOE/SNB lent out $140.8 billion last night for 28-days at 2.11%)
Haven’t seen the Fed’s current total swap lines outstanding, which could be telling.
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I have been seeing tons of reverse swaps in the TOMO auctions in the last few days. Also, ‘effective fed funds rate’ is at 0.6%. Something’s brewing… I say this market is going to tank.
not much to hold it up, short of an immediate payroll tax holiday
what do fed monetary operations have to do with the market tanking?
Molecool, or others,
For we non-economists….what is a TOMO auction?
Thanks in advance.
1. nothing.
The Euro is down to 1.27, what is the latest tally on the Fed swaps? How close are we to 1 trillion?
can’t find an actual tally. no luck calling the fed.
from the various releases seems about 800b-1 trillion, but there’s so much rollover going on i haven’t found a way to measure the net advances.