Dollar Shortage Unexpectedly Surges After Fed Commercial Paper Bailout
Mar 17th 2020 11:55am EDT
Dollar Shortage Unexpectedly Surges After Fed Commercial Paper Bailout The stock market is rallying, VIX is falling, and bond yields are rising modestly following The Fed’s decision to reinstate its Commercial Paper bailout facility (CPFF). As Bloomberg notes, the spread of Libor to overnight index swaps should tighten as the Federal Reserve ramps up the […]
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