fxfox Posted August 30, 2022 Report Share Posted August 30, 2022 8 minutes ago, Jorma said: If you would have told me $2.2Tn was opting for .5% interest over 3% I would have said sure, and I am the King of Sweden. Maybe I am the king of Sweden. I better check. Those 2.2 Trillion are all from Money Market Funds??? Why don‘t they chose short term paper??? They are allowed to buy any T-Bill they want. I don‘t get it. Has that something to do with collateral? Link to comment Share on other sites More sharing options...
Jorma Posted August 30, 2022 Report Share Posted August 30, 2022 3 minutes ago, fxfox said: Those 2.2 Trillion are all from Money Market Funds??? Why don‘t they chose short term paper??? They are allowed to buy any T-Bill they want. I don‘t get it. Has that something to do with collateral? I am sure not all from MM's. Hell, half of it would have bought every T Bill issued in August. Link to comment Share on other sites More sharing options...
DrStool Posted August 30, 2022 Author Report Share Posted August 30, 2022 27 minutes ago, Jorma said: I am sure not all from MM's. Hell, half of it would have bought every T Bill issued in August. The Fed still has not told us how much of the t bills are being bought by which groups. The bulk of it is money market funds. But there are also some banks and dealers in that group. We just don't know the percentages. Link to comment Share on other sites More sharing options...
Jorma Posted August 31, 2022 Report Share Posted August 31, 2022 One thing is with the stock liquidation that the bear market has brought, where is the 'cash' going? Why isn't there a stampede into Tbills at 2+% ? Well who's taking down the bills is one thing, but who is doing the RRP's? That's what we need to know. Has anyone asked? Link to comment Share on other sites More sharing options...
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