A bit of a plumbing update for you: the Feds dumping of bonds continues apace, on auto-pilot:(Click on image to enlarge)Reverse Repo remains in a free-fall, plunging toward $0 in within months at this pace.(Click on image to enlarge)And, of course, Yellen’s free money giveaway called BTFP is at another lifetime high, as desperate banks continue gobbling up billions from their buddies in D.C. without fear of reprisal:(Click on image to enlarge)The spread between the S&P and Fed liquidity remains gargantuan, but nothing can seem to break this market for more than a few moments.(Click on image to enlarge)More By This Author:Self-Driving WallMetal Shorts – Exploring Bearish Opportunities With Favorable Risk/Reward Ratios ARMs Race – Riding The Wave, But For How Long?
Fed Up
