Fed, the master of risk, prints another new BS high...and MOVE moves violently lower
Thursday is Fed BS update day, and here we are again, Fed's BS printing another new all time high.
The mid Feb bond vol panic is now all gone as MOVE moved lower by 8.7% today, adding to the implosion trajectory since March highs.
As George Gonclaves notes regarding the BS;
"...all the action is on the liability side, with a big reduction in TGA with a good portion still going into RRP (which also keeps making new highs)"
The mid Feb bond vol panic is now all gone as MOVE moved lower by 8.7% today, adding to the implosion trajectory since March highs.
As George Gonclaves notes regarding the BS;
"...all the action is on the liability side, with a big reduction in TGA with a good portion still going into RRP (which also keeps making new highs)"