
Chasing Commas (guest: Joseph Wang)
The Market Huddle
The Banking Sector Has Less Reserves, Right?
The banking sector has fewer reserves, so the markets that are most impacted are the one orthe or the markets that were a that were the benefits of those reserves. Markets that recipients of extra bank reserves have fewer bank reserves. So i think it played a role. But here's the thing though. I don't actually think the banking system needed that love of reserves, but the repe market wanted it.
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