New York Federal Reserve US $ Swap Ops with European Central Bank-highest weekly amount this year @ $412.2m-about $11B for 2022 in $/Euro swaps
Nothing for the Swiss National Bank yet but I do expect one before the end of Q4-probably next week on 1229 while no one is "looking".
The term is for 14 days so they are just doubling up a weekly one….Rate is again at 4.59%-same as 1215 but the start of the year it was 0.33% so my how things have changed…kek
The European Central Bank got it's usual, weekly amount but double it's normal weekly avg for the year. $200m is avg for it's shitpile of derivatives mess per week-see cap #2-3 and covers from January until today 122222. It is done every week for entire year-you can enter in the dates January 1st 2022 to today Dec 22 to see that the NYFRB has done this every week with the aforementioned $200m avg-the largest amounts (outside of today's $412.2m) being the day before Q1,2 and 3 end $365m on March 30th of Q1-day before last day of it, $346m on June 29-day before end of Q2, $274m on Sept 28th-2 days before the end of Q3. All over the $200m avg on those days. For Calendar year 2022 that works out to $10,400,000,000 on avg using $200m a week with the exceptions being the 3 Qrtly ends of larger amounts as mentioned-so it is larger…but what is a few hundred million amongst thieves right?
https://www.newyorkfed.org/markets/desk-operations/central-bank-liquidity-swap-operations