Sudden shift in the normally calm US cash markets doesn’t signal a new credit crunch (South China Morning Post)

The recent ‘pipe blockage’ in the US financial system caused fears of a bigger problem with the Fed’s balance sheet. But, sometimes supply and demand don’t match and, on this occasion, the mismatch was simply greater than expected and was fixed

https://www.scmp.com/comment/opinion/article/3030468/sudden-shift-normally-calm-us-cash-markets-doesnt-signal-new-credit

Kerry Craig

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