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Chasing Commas (guest: Joseph Wang)

The Market Huddle

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Pretfc and Postsis Like a Whole New World

The fed controlled overnight rates by adjusting e leval reserve balances in the banking system. Pretfc and postsis like a completely different world. So poss like we te duskis so much larger, because now we're doing treasury operations. We're doing a like nedo trillion dollars of repa. It was really, just in all, it's like five guys in a stretch sheet. They'd literally use the giant spretchinsid.

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