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Unusual Whales Pod Ep. 24: FEDERAL PAUSES RATE HIKES, The US Dollar Currency Dominance, Liquidity, and Refunding the Treasury

Unusual Whales

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The Effect of the Debt Ceiling on the Markets

The treasury has been burning down a cash balance that started at about nine hundred billion dollars back in may of last year. They're going to go back and sort of replenish that to some degree by asking the market for hundreds of billions of dollars of treasury bills and coupons. Depending on how that's funded, bank reserves or whether it's from the reverse repo facility could potentially start to fall pretty rapidly. The more dangerous and fast sooner things are likely to happen thank you gem so before i pick on last day here do we have any comments is a follow-up to a gem just said alright so last bear this question is going to kind of go right back to the topic of liquidity and markets

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