Where There’s A Rising ‘Dollar’ There Is Short Collateral But Plentiful ‘Reserves’

By |2015-03-03T16:40:03-05:00March 3rd, 2015|Bonds, Economy, Federal Reserve/Monetary Policy, Markets|

The Federal Reserve is running another large-scale test on its Term Deposit Facility (TDF), the account by which it intends to establish a European-style floor to its also intended interest rate corridor. Judging by the fact that nobody has paid any attention to this test or the one that preceded it, except for those that were fooled into thinking the [...]