Treasury has started to inject liquidity into the markets.
First the Fed stepped up, and injected $20B+ into banks.
After that, Treasury bought back $12.5B of its own debt, which is the largest single day buyback.
Not only that, Treasury has started releasing liquidity from TGA balance too, which is even better for risk-on assets.
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Treasury has started to inject liquidity into the markets.
First the Fed stepped up, and injected $20B+ into banks.
After that, Treasury bought back $12.5B of its own debt, which is the largest single day buyback.
Not only that, Treasury has started releasing liquidity from TGA balance too, which is even better for risk-on assets.