{"id":48648,"date":"2019-09-25T08:17:50","date_gmt":"2019-09-25T13:17:50","guid":{"rendered":"https:\/\/olduvai.ca\/?p=48648"},"modified":"2019-09-25T08:17:58","modified_gmt":"2019-09-25T13:17:58","slug":"dollar-liquidity-crisis-accelerates-as-month-end-nears-record-92-billion-demand","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=48648","title":{"rendered":"Dollar Liquidity Crisis Accelerates As Month-End Nears, Record $92 Billion Demand"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.zerohedge.com\/economics\/dollar-liquidity-crisis-accelerates-month-end-nears-record-92-billion-demand\">Dollar Liquidity Crisis Accelerates As Month-End Nears, Record $92 Billion Demand<\/a><\/h3>\n\n\n\n<p>As month-end looms, demand for dollar liquidity is accelerating dramatically with today&#8217;s Fed operation oversubscribed &#8211; with around $92 billion of demand for The Fed&#8217;s $75 billion offering&#8230;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/2019-09-25_5-36-59.jpg\" alt=\"\"\/><figcaption><a href=\"https:\/\/apps.newyorkfed.org\/markets\/autorates\/tomo-results-display?SHOWMORE=TRUE&amp;startDate=01\/01\/2000&amp;enddate=01\/01\/2000\"><em>Source: NYFed<\/em><\/a><\/figcaption><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/2019-09-25_5-36-59.jpg?itok=zQ0_i3zT\"><\/a>This is the heaviest demand yet for this new Fed liquidity spigot&#8230;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/2019-09-25_5-45-46.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/2019-09-25_5-45-46.jpg?itok=tlYvC0t4\"><\/a>As we noted previously, some banks appear to have been simply waiting to get closer to the quarter end before tipping their cards: after all, just like the Discount Window, the repo operation has become the modern &#8220;stigmatizing&#8221; equivalent, and if reporters or clients get a whiff that a bank is in a dire liquidity state,&nbsp;<strong>the consequences could be dramatic.<\/strong><\/p>\n\n\n\n<p>Never mind though, it&#8217;s probably all transitory.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dollar Liquidity Crisis Accelerates As Month-End Nears, Record $92 Billion Demand As month-end looms, demand for dollar liquidity is accelerating dramatically with today&#8217;s Fed operation oversubscribed &#8211; with around $92 billion of demand for The Fed&#8217;s $75 billion offering&#8230; This is the heaviest demand yet for this new Fed liquidity spigot&#8230; As we noted previously, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[122,27241,303,6583,27240],"class_list":["post-48648","post","type-post","status-publish","format-standard","hentry","category-economics","tag-central-bank","tag-dollar-liquidity","tag-fed","tag-repo","tag-repo-operation"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48648"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48648\/revisions"}],"predecessor-version":[{"id":48649,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48648\/revisions\/48649"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}