Money Market Brief

Markets frontrun the effects of a stronger, more potent QT. With notes/bonds issuance increasing, risk assets won't rise as smoothly and easily as before. Liquidity indicators have responded in kind

In case you missed it — or you’ve just joined us — the latest of our primers, The Death of the Interbank Market, went live earlier yesterday:

The Death of the Interbank Market

In our next subscriber primer, we’ll dive deep into the world of dealers, the major plumbers of the financial system. In our forthcoming article, however, we’ll be discussing the mechanics of the U.S. Treasury’s latest actions (Tighter Quantitative Tightening) and how these create a headwind for risk assets.

But first, a money market brief…

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learn about these rates with our money market primer

a useful but incomplete view of liquidity

a useful but incomplete view of liquidity