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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Joe Stocks who wrote (81181)4/26/2007 10:32:38 AM
From: Paul Kern  Read Replies (1) | Respond to of 110194
 
WE had $11 bil expiring and we have a $3 bil 14 day repo. Net drain of $8 bil plus however the 1 day $5.25 reverse repo figures into it.

I dunno nuttin'.

Maybe the Fed is trying to stabilize the dollar before it hits a record low against the euro?