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Curious Case of Fed Funds Rate
A question popped up on my mind as to why there is a plunge in Effective Fed Funds rate and also why it broke the RRP floor on Dec 2015. Short answer Month-end Plunge: GSEs (notably FHLBs like Fannie Mae) … Continue reading
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Tagged dodd frank, fdic cost, fed fund rate, fhlb, foreign banks, gse, ioer, ioer-ffr spread, month end plunge, rrp floor
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