1. The Federal Reserve The interaction of new lending facilities – will yields rise? In association with These views are my own and not to be taken as advice under any circumstances Some of the images and all blue highlighted words contain url links to relevant information
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9. Is this a liquidity add by the Federal Reserve? Statistical release H.4.1 does show an increase in bank credit not offset fully by reverse repos. However, this may due to the fluctuations in PDCF.
10. Is demand for Treasuries being met? Yields for US Treasuries have moved higher in the past week, especially at the short end. Will the US Treasury market continue to flatten? For comparison the UK gilt curve shows the short end yield falling as the inverted curve over the past year flattens out. Are gilt yields about to fall in a similar pattern to the US?
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