supplementary financing programme

Robin Harding

Here’s a what a rise in the debt limit after a six month impasse looks like in accounting terms:

Debt subject to the limit rose by $238bn yesterday as the Treasury replenished all of the trust funds it has been borrowing from for the last few months. That leaves it with $162bn of headroom. Read more

Robin Harding

I’m pretty sure that the answer is ‘No’, at least for now. For background, the effective Fed Funds rate has been falling steadily for the last couple of months:

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