TyB
RAF GOOSE51 River Joint trackin’ off Baja Norte from NAS Fallon
BACN07 E-11A GLEX aerial wi-if out of MCAS Miramar doin’ roundies
E-11A BACN
The E-11A is a modified, Bombardier Global Express 6000/BD700-1A10 business jet equipped with specialized communications relay equipment to translate between tactical comm and data links.It provides joint range extension, BLOS C2, and internet protocol-based data transfer between dissimilar systems.
E-11A was fielded to meet an urgent operational need for BLOS air-to-ground relay. The system entered combat in Afghanistan in 2008 and enables troops to overcome comm limitations in rugged terrain.
https://www.airandspaceforces.com/weapons-platforms/e-11a/
>narcissistic echo
Fed's Emergency Bank Funding Facility Explodes Higher, QT Stalls As Money-Market Funds Hit Record High
Money-market funds saw inflows for the 3rd straight week (since the biggest outflow since Lehman), adding $16.9BN to reach a new record high of $5.71TN… a breakdown for the week to Nov. 8, government funds - which invest primarily in securities like Treasury bills, repurchase agreements and agency debt - saw assets rise to $4.66 trillion, a $9.63 billion increase.
Prime funds, which tend to invest in higher-risk assets such as commercial paper, meanwhile saw assets climb to $926 billion, a $6.35 billion increase.
Retail fund inflows continued unabated (and institutions saw their 3rd straight week of inflows)… The resurgence in money-market fund inflows is diverging from bank deposits (which are gently rising on a seasonally-adjusted basis)… Meanwhile, as we detailed earlier, the amount of money that investors are parking at The Fed's reverse repo facility dropped below $1 trillioncap 3 from the NY Fed and you can see it’s usage since 2021 which was documented heavily as it passed the $1T mark in June 2021the first time in more than two years. It marks a steep decline from a record $2.554 trillion stashed on Dec. 30 and is the smallest sum since August 2021.
“It’s a big number,” said Deutsche Bank strategist Steven Zeng, referring to the decline past $1 trillion.
“I can see it falling further with dealers owning so much of the new bond.” Demand for the facility, however, has been fading this year as the Treasury ramped up fresh bill issuance, offering an alternative for short-term investors. But as Bloomberg notes, as usage of the Fed’s facility fades, Wall Street strategists are weighing whether there will be further impact on the central bank’s policy decisions. If demand falls toward zero, strategists say, the Fed will have to halt its quantitative tightening program(typical to use this as the ‘excuse’ and not that the housing market can’t function with rates where they are at-among several other things)because excess liquidity will have been completely drained and bank reserves will have reached a point of scarcity. (The RRF, by law, has to pay slightly above FOMC prime icydk)
The Fed's balance sheet contracted by a very modest $6BN last week (the balance sheet is now down over $1.1TN from its highs… Most notably, usage of The Fed's emergency funding facility for the banks soared higher by $3.9BN to a new record high above $113BN… (the biggest jump since June). Finally, we note that after Bill Gross apparently 'called the bottom' in regional banks last week, their share prices all jumped initially, but FHLB issuance limits and general risk-off has them giving some back. And we just remind those buyers that bond yields have exploded higher since SVB… and they are borrowing ever more ($113BN) from The Fed at an expensive rate to fill the holes in their balance sheets. Does that sound like the bottom is in?
https://www.zerohedge.com/markets/feds-emergency-bank-funding-facility-explodes-higher-qt-stalls-money-market-funds-hit
https://www.newyorkfed.org/markets/desk-operations/reverse-repo
IAF IRON G550 Oron ISR out again from Nevatim AB
RAF KRF87 A330UK Foreign Secretary James Cleaverlyreturning from G7 meeting in Hiroshima