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0 sats \ 1 reply \ @cryptofolyo 25 Jan \ on: Federal Reserve announces Bank Term Funding Program to stop making loans on 3/11 econ
also increased the rates? why would they increase if they are already planning to stop it?
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21 sats \ 0 replies \ @2d 25 Jan freebie
I think there was an arb play - park treasuries / debt for loan at BTFP and deposit the cash in reserve account, collect the spread
probably done to disincentivize that type of usage leading up to the program ending
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