Market Liquidity Warning Signs Are Getting Louder

The New York Stock Exchange building.

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Liquidity is tightening as the Treasury General Account rises and the reverse repo facility drains, pushing reserve balances lower. With SOFR climbing, spreads widening, and credit stress showing up, the market may soon face renewed pressure on risk assets.
 

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This report contains independent commentary to be used for informational and educational purposes only. Michael Kramer is a member and ...

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