tyb, can notey note again
ty anon appreciate that. dey mad too.
Fed’s Repo Op Is Undersubscribed, Suggesting Dealers at Capacity
The Federal Reserve Bank of New York’s operation to inject cash into the financing system over the end of the year was undersubscribed on Thursday, a possible indication that dealer balance sheets are nearing capacity.
Primary dealers submitted $18 billion in bids for the Fed’s 14-day term repo operation, which matures Jan. 9. That was less than the $35 billion on offer and the third term operation aimed at year-end funding that has come in under the maximum amount. The Fed so far has injected roughly $203 billion and could offer as much as $260 billion more next week for the turn.
Providing sufficient liquidity for year-end is not simply a matter of the Fed offering enough repo, but also relies upon primary dealers transmitting it to the broader market, according to Jefferies money-market economist Thomas Simons.
With banks potentially bumping up against balance-sheet limits, that intermediation may become more difficult and the under-subscription of the most recent term operation doesn’t surprise Simons. He expects the next term operation on Dec. 30 will also be underutilized, but reckons that morning’s shorter-dated one-day forward operation – which matures Jan. 2 – will probably be taken up in full.
The Fed has been injecting liquidity into the repo market since the Sept. 17 when the overnight rate for general collateral repurchase agreements spiked to 10% from around 2%. It has also been buying Treasury bills to add reserves to the system. The Fed also conducted an overnight operation Thursday with a limit of $120 billion. As with the most recent of these actions, it was under-subscribed, attracting just $28.8 billion of bids.
https://www.bloomberg.com//news/articles/2019-12-26/fed-s-year-end-repo-operation-is-undersubscribed-again
all set for the YE statement print.
from two days ago and has been in multiple times.
#9756
>>7625249 d'oh and ghosty bake
notables, not endorsements.
>>7625267 A 'Bubble Gum Pink' diamond described as a 'fancy, vivid purplish pink diamond ring' was sold to an anonymous collector for over $7.5 million- purple comms?
>>7625288 Rumors Swirling: Crowdstrike’s Assertion Russians Hacked DNC Faces Scrutiny – Carter Page Weighs In
>>7625343 Armenia shocked by baby selling network as the country's top obstetrician and orphanage head are arrested over scheme that sold children to Westerners
>>7625345 State officials are at the core of 2020 election security
>>7625363 Fed’s Repo Op Is Undersubscribed, Suggesting Dealers at Capacity (they are)
>>7625424, >>7625518 moar on shane khoh: who is the real one?- connections to Bill Richardson
>>7625428 moar on the biden house in hollyweird
>>7625502, >>7625520, >>7625537, >>7625552, >>7625572 Mittens (romney) fin disclosures Speech rev., equity positions etc
>>7625532 pf report
>>7625556 Secret Political Societies in the South During the Period of Reconstruction-.pdf
Walter H. Cook (loads slowly)
soros article is from 2018
It is still a ghost bake, will need a baker or ebaker/notetaker nb. Can finish notes in this bred then IRL.
tasty bakes to you.
have some cookies and shut the fuck up
China, Russia and Iran to hold joint naval drills from Friday
China, Iran and Russia will hold joint naval drills starting on Friday in the Indian Ocean and Gulf of Oman, China’s defence ministry said on Thursday，amid heightened tension in the region between Iran and the United States. China will send the Xining, a guided missile destroyer, to the drills, which will last until Monday and are meant to deepen cooperation between the three countries’ navies, ministry spokesman Wu Qian told a monthly news briefing.
The drill was a “normal military exchange” between the three armed forces and was in line with international law and practices, Wu said. “It is not necessarily connected with the regional situation,” he said, without elaborating.
The Gulf of Oman is a particularly sensitive waterway as it connects to the Strait of Hormuz - through which about a fifth of the world’s oil passes - which in turn connects to the Gulf. The drills are also coming at a time of fraught tensions between the United States and Iran.
Friction has increased since last year when U.S. President Donald Trump pulled the United States out of Iran’s 2015 nuclear deal with six nations and re-imposed sanctions on the country, crippling its economy. Washington has proposed a U.S.-led naval mission after several attacks in May and June on international merchant vessels, including Saudi tankers, in Gulf waters which the United States blamed on Iran. It denies the accusations. Tension has risen in the region not only over Iran’s disputed nuclear programme but also over a September attack on Saudi oil facilities blamed on Iran by the United States and Saudi Arabia. Iran also denies involvement.
The Indian Ocean and Gulf of Oman are key areas for international trade and maintaining security in the waterways is an important task, Brigadier General Abolfazl Shekarchi, spokesman for Iran’s armed forces, said on Wednesday, according to the official IRNA news agency.
“This drill will take place for supporting and increasing experience in the security of international trade in the region,” he said.
China has close diplomatic, trade and energy ties with Iran. But China also has good relations with Iran’s regional rival Saudi Arabia, meaning it has long had to tread a fine line in a part of the world where it has traditionally exerted far less sway than the United States, Russia, France or Britain.
Chinese President Xi Jinping is likely to visit Saudi Arabia next year as it is the host of the 2020 G20 summit.
https://uk.reuters.com/article/uk-china-iran-russia/china-russia-and-iran-to-hold-joint-naval-drills-from-friday-idUKKBN1YU0FM