AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
First Republic Under Stress, Now What?
The Macro Trading Floor
The Fed Is Losing Control of T-Bills
There are a lot of very large institutions in the system that have plenty of dollars to park or invest in safe short-dated instruments and they do not have access to Fed funds. If you don't have access to the Fed, what's the safest asset you can buy to park your dollars? It's very short-dated T-bills. This is just an institutional behavior that tries to preserve basically pay full principle and coupon payment as much as they can.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode