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While everyone was looking into year-end SOFR, real money stuff went haywire. Repo fails surged and swap spreads collapsed more than they had already. Dealers are hoarding Treasuries at the same time where banks are hitting up the Fed’s BTFP. What do all of these and others mean, including the BTFP?Video Length: 00:20:00More By This Author:Does This New Data Show I Am Wrong About A Recession?
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