The Federal Reserve could also be poised to loosen the reins on the financial system with interest-rate cuts. However for now, banks are nonetheless maintaining themselves on a comparatively tight leash.
December featured a couple of notable strikes available in the market for short-term funding, also known as the “plumbing” of the monetary system. That included temporary jumps within the Secured In a single day Financing Fee, which is a measure of what it prices to borrow money in a single day collateralized by Treasury securities.
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