Sharp drop in reserve credit: -$149 bn to $1840 bn
Most bizarre thing I have ever seen: repos: 0, zilch
Swaps: $388 bn down $77 bn
Excess reserves: $642bn peak was around $850 bn
Foreign official and international accounts bought an extra $15 bn in treasuries and sold $8 bn agencies.
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Well, they have a lot of other ways to add money into the system, still no repos since december 30th and balance at 0 is unheard of.
Do you have a theory to explain the repos?