by Jeffrey P. Snider
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I would write something snarky about bank reserves, but why bother at this point? It’s already been said. If Jay Powell doesn’t mention collateral, no one else does even though it’s the whole ballgame right now. Note: FRBNY’s updated figures shown below are for last week. |
Primary Dealer Repo Fails (UST), 2017-2020 - Click to enlarge |
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Jeffrey P. Snider is the head of Global Investment Research of Alhambra Investment Partners (AIP). Jeffrey was 12 years at Atlantic Capital Management where he anticipated the financial crisis with critical research. His company is a global investment adviser, hence potential Swiss clients should not hesitate to contact AIP
Tags: Bonds,collateral,currencies,economy,Federal Reserve/Monetary Policy,Markets,newsletter,repo fails,T-Bills,U.S. Treasuries
