Money Market Brief

time for some deep dives

In case you missed it — or you’ve just joined us — our latest piece, The Shadow Bank Shutdown, went out earlier this week:

The Shadow Bank Shutdown

This month, we dove into the weeds of the Fed’s dollar swap network and its outer limits, plus the Asian Eurodollar and shadow banking.

Now it’s time for “deep dive November” for subscribers on some key U.S. markets. A “clue” on the first installment:

But first, a money market brief…

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learn more about these rates here

bonus: negative swap spreads turn more negative due to issuance