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Fed Injects $189BN In Repo Liquidity As Libor Explodes
In light of the frozen funding markets, which are now demanding the Commercial Paper bailout facility we discussed on Sunday, which the Fed failed to deliver and which CNBC's Steve Liesman said may be coming any moment as without we will see a relentless barrage of companies drawing down on their revolvers as they are locked out of other sources of funding, moments ago the Fed continued to inject liquidity, by conudcing two repos amounting to just under $189BN.
The first one was an oversubscribed 14-Day repo, which saw $46.6BN in submissions, with the max available $45BN allotted. This was followed half an hour later by the $500BN overnight repo which merely rolls over the prior day's expiring overnight, and which saw some $142.65BN in usage. With no other repos scheduled for today, and the next $500BN 84-day facility not due until Friday, banks may soon find themselves in another funding panic, and the Fed may respond as it did yesterday, with an ad hoc $500BN facility later in the day if funding conditions refuse to ease, which considering the biggest one-day jump in LIBOR since the crisis screaming systemic funding stress and now counter-party risk.
https://www.zerohedge.com/markets/fed-injects-189bn-repo-liquidity-libor-explodes
https://apps.newyorkfed.org/markets/autorates/temp
>There are great people in California…. represented by a minority of faggots.
delivery times are going to blow out. This is what habbened on the run up to $50 from 2009 to 2011 and beyond
I saw almost 9 weeks even after the initial scramble started in late 2009.
AZAZ09O9 USMC C-560 out of JBA and w
VENUS30 C-40B also depart JBA
LOBO474 C-560 update..looks like it's heading to Gulfport MS, starting descent.
once you acquire it…you have it. Do not look at the price as it's still priced in FIAT currency.
No one can be faulted for moving to hard assets. You'll see premiums blow-out as it moves around moar. Already getting there.
FALCON03 E-4B NightWatch west from Dayton possible Wright-Patterson
PAT104 USMC C-56- with a quick turn and burn from Offutt AFB Omaha
AZAZ09O9 USMC C-560 out of JBA and ne
VENUS44 G5 out of JBA south and heading for Newport News-several flights over the last feew weeks just hover here and then move on.
MAGMA89 out of Homestead ARB and nw
put it away and don't look at the price until you buy moar. My local shop hates when I come in 'cause he is always stuck with it (Au) until he can off-load to his wholesaler. Use Au to trade but have never sold one oz of Ag in over 20 yrs.
I still have some of the ones they issued when the Hunt bro's were cornering the market-from the U.S. Assay Office. Got those a few years after though.
completely possible and you would want a smaller AC instead of running a big one like a Rivet Joint or similar over it. Also has been the UASF C-40B's doing that there and over Wilmington, NC a few times.
VM767 USMC C-560 with a quick in and out at Myrtle Beach and NE
just be careful with the ESOP purchases. Many of those are timed to occur at the top of a range. Not all of them. Even with the discount many have been very unhabby with that over time. Tech stocks do that mostly but it's not contained to them. You already have a sound strategy so you'll do fine.
shot their wad on middle to long dated stuff and now they have to buy the short end. All of it really.