Quotes from the news wire:
It’s another indication of the cash-collateral imbalance in the financial system, and there does not appear to be significant relief in sight as Treasury cash balances are poised to continue to fall ahead of the debt ceiling deadline, and as Treasury bill issuance remains negative, the Fed has and will continue to relax any constraints to the facility which will keep rates from moving sustainably negative.
Found on Reuters 3 years ago
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