Bonus Clouded Judgement 6.5.23 - Upcoming Liquidity Crunch?
Clouded Judgement
JUNE 5, 2023
TLDR - the recent debt ceiling deal may actually pose a drain on liquidity (in addition to ongoing QT) as the government sells T Bills to refill the Treasury General Account (this starts today!). Open Market Operations: This involves buying and selling government securities to influence the amount of money in the banking system.
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