2008-06-13wallstreetexaminer.com

"The Fed did a $5.25 billion net add today with a 4 day repo. There were no expirations today, and now there will be none on Monday. At the same time the Treasury will be doing a huge cash dump on the market with the Cash Management Bill expirations. There will be another Treasury paydown on Thursday. This stock rally should get legs under the circumstances, and the bond and money markets should get some help as well, but I am wondering if the Fed might do a reverse repo on Monday to drain off some of the Treasury cash."



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