- Fed Injects $198 Billion Via Repos To Unfreeze Paralyzed Funding Markets
by Tyler Durden, https://www.zerohedge.com/
Update: shortly after the Fed injected $95BN in liquidity via two term reports (a 2-week and the first 1-month op), it also announced $103.1BN injected via the overnight operation, which means that the Fed has injected a combined $198BN in liquidity as funding markets freeze.
Forget equities: the far more important funding markets are locking up. Between today’s surge in FRA/OIS which briefly rose to the highest level since the financial crisis, confirming the biggest dollar funding shortage in the interbank market in over a decade…