Investors snap up NY Fed loans as cash crunch fears linger

Financial Times/Joe Rennison/12-3-2019

Cartoon by Ed Stein of dollars flowing in an hour glass and investor caught in flow saying 'keep printing'“Investors clamoured on Monday to secure financing over the end of the year, snapping up $25bn of short-term loans offered by the US Federal Reserve in an attempt to insulate themselves from a potential spike in borrowing costs.”

USAGOLD note:  While attention is focused on trade clashes, there is another problem lurking in the background – cash liquidity in the repo market.

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