- Fed Injects $68 Billion In Liquidity As Third Oversubscribed Term-Repo Confirms Liquidity Shortage Accelerates
by Tyler Durden, https://www.zerohedge.com/
Update: confirming that liquidity is indeed quite scarce to start the month of February, moments ago the Fed also conducted its overnight repo which saw $37.915BN in liquidity injected… .. and which together with the oversubscribed $30BN term repo discussed below, means the Fed has injected $68BN in liquidity for today’s market needs.
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The repo market was supposed to be fixed in September; then the year-end liquidity flood was supposed to definitely fix the repo market. Well, it is now mid-February and moments ago the Fed just reported it conducted the third oversubscribed term-repo operation as the liquidity shortage among dealers appears to persist!