The banks are overwhelmed with cash right now. Look at how the overnight reverse repo keeps climbing. Maybe it was done with a motive, but it's also possible banks are busting at the seams and are desperate to remove liabilities from their balance sheet.
The banks are overwhelmed with cash right now. Look at how the overnight reverse repo keeps climbing. Maybe it was done with a motive, but it's also possible banks are busting at the seams and are desperate to remove liabilities from their balance sheet.