Sign in Subscribe
dismal-jellyfish

dismal-jellyfish

Inflation Alert! 'certain mutual funds hold large amounts of relatively illiquid corporate bonds but provide investors the option to redeem shares on a daily basis. This liquidity mismatch makes these funds more vulnerable to runs'

'certain mutual funds hold large amounts of relatively illiquid corporate bonds but provide investors the option to redeem shares on a daily basis. This liquidity mismatch makes these funds more vulnerable to runs which could force rapid liquidation of bonds at firesale prices' Good morning Superstonk, I hope
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

Federal Reserve Alert! Federal Reserve Board releases annual audited financial statement: In 2022 the Fed paid $42 billion in interest to counterparties of reverse repos.

Today the Fed released it's audited financial statement for 2022: https://www.federalreserve.gov/newsevents/pressreleases/other20230324a.htm KPMG It's worth noting that the Fed's audit firm, KPMG, has been involved in numerous scandals, including the use of stolen regulatory information to cheat on
dismal-jellyfish ๐Ÿ“ฐ News

There is always money in the Fed: Repurchase agreements Foreign Official 3/16 $0. Repurchase agreements Foreign Official 3/23 $60 Billion. I wonder what Foreign Official needed $60 billion so quickly?...

Sources: https://www.federalreserve.gov/releases/h41/20230316/ https://www.federalreserve.gov/releases/h41/20230323/ I am willing to bet this is why the Central Bank Liquidity swaps did not jump bigly this week--they went here instead? Also, with Primary Credit dropping by $40 billion and the Bank Term Funding
dismal-jellyfish ๐Ÿ“Š Data

This is not a 'bailout'! $344.307 Billion (up +$36.244 Billion or +11.77% in a week): A review of the tools the Fed is leveraging to provide banks liquidity while we get rate hikes

Good afternoon Superstonk! Happy just about Friday to everyone! What a week so far, right?!!?!? This is a continuation and update of the review started for last week's balance sheet. Let's hit it! This week's Fed balance Sheet: https://www.federalreserve.gov/releases/h41/
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

Central Bank Liquidity Swap Operations Alert! The Fed provides (6) 7-day loan operations totaling $590,500,000 in Central Bank Liquidity Swaps to: Swiss National Bank (3 loans for $107 million) and the European Central Bank (3 loans for $483.5 million).

https://www.newyorkfed.org/markets/desk-operations/central-bank-liquidity-swap-operations Say hello again to Central Bank Liquidity Swaps! In April 2009, the Federal Reserve announced foreign-currency liquidity swap lines with the Bank of England, the European Central Bank, the Bank of Japan, and the Swiss National Bank. The Federal Reserve lines constitute a
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics