<![CDATA[Conks: Infographics]]>https://www.conks.plumbing/s/infographicshttps://substackcdn.com/image/fetch/$s_!SHAm!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4528b05e-422a-4131-ab5d-650da2d41e29_794x794.pngConks: Infographicshttps://www.conks.plumbing/s/infographicsSubstackWed, 29 Apr 2026 01:28:45 GMT<![CDATA[Infographics: A Warsh-Led Fed Balance Sheet Reduction]]>https://www.conks.plumbing/p/infographics-warsh-balance-sheethttps://www.conks.plumbing/p/infographics-warsh-balance-sheetThu, 19 Mar 2026 22:14:19 GMT

— created as part of The Warsh Ultimatum (upcoming)

]]><![CDATA[Infographics: Treasury Buybacks]]>https://www.conks.plumbing/p/infographics-treasury-buybackshttps://www.conks.plumbing/p/infographics-treasury-buybacksFri, 27 Feb 2026 20:50:15 GMT

— created as part of The Warsh Ultimatum (upcoming)

click to enlarge (best viewed on desktop)
click to enlarge (best viewed on desktop)
]]><![CDATA[Infographics: Key Rates & Spreads In the Modern Repo Market]]>https://www.conks.plumbing/p/infographics-key-rates-and-spreadshttps://www.conks.plumbing/p/infographics-key-rates-and-spreadsWed, 11 Feb 2026 19:05:46 GMT

— created as part of The Fed’s New Target

]]><![CDATA[Infographics: The Modern Repo Market]]>https://www.conks.plumbing/p/infographics-the-modern-repo-markethttps://www.conks.plumbing/p/infographics-the-modern-repo-marketThu, 22 Jan 2026 23:30:16 GMT

— created as part of The Fed’s New Target

A decent zoom feature will be required to navigate this extensive infographic, but the image viewer on Substack does not seem to be sufficient. Consequently, it’s recommended to download and view the graphic outside of the Substack website on a retina desktop or a high-quality tablet — such as in Apple Preview/Microsoft Photos. Flows start in the top-right (with the green “start here” box) and move from right to left. Plus, it’s best to read the chart legend to learn all the necessary lingo. The Fed’s New Target: Part II will provide more details soon. Enjoy!

]]><![CDATA[Infographics: The Fed's Repo Rate "Sweet Spot"]]>https://www.conks.plumbing/p/infographics-the-feds-repo-rate-sweethttps://www.conks.plumbing/p/infographics-the-feds-repo-rate-sweetSun, 28 Dec 2025 22:36:30 GMT

]]><![CDATA[Infographics: How Liquidity Requirements Create Demand For Reserves/U.S. Treasuries]]>https://www.conks.plumbing/p/infographics-how-liquidity-requirementshttps://www.conks.plumbing/p/infographics-how-liquidity-requirementsWed, 24 Dec 2025 19:00:17 GMT

— created as part of The Fed’s New Target

]]><![CDATA[Infographics: The Fed Funds "Liquidity Booster"]]>https://www.conks.plumbing/p/infographics-the-fed-funds-liquidityhttps://www.conks.plumbing/p/infographics-the-fed-funds-liquidityThu, 16 Oct 2025 03:11:28 GMT

— created as part of The Fed’s New Target

]]><![CDATA[Infographics: The Fed's Target Rate Evolution]]>https://www.conks.plumbing/p/infographics-the-feds-target-ratehttps://www.conks.plumbing/p/infographics-the-feds-target-rateSun, 12 Oct 2025 22:59:00 GMT

— created as part of The Fed’s New Target

]]><![CDATA[Infographics: The Fed Funds Arbitrage Complex]]>https://www.conks.plumbing/p/infographics-the-fed-funds-arbitragehttps://www.conks.plumbing/p/infographics-the-fed-funds-arbitrageSat, 11 Oct 2025 22:52:00 GMT

— created as part of The Fed’s New Target

]]><![CDATA[Infographics: The Fed's Repo Hierarchy]]>https://www.conks.plumbing/p/infographics-the-feds-repo-hierarchyhttps://www.conks.plumbing/p/infographics-the-feds-repo-hierarchyThu, 04 Sep 2025 22:11:00 GMT

— created as part of The Fed’s Reckoning (upcoming)
— related: repo primer series

]]><![CDATA[Infographics: The Global Dollar Rates Hierarchy ('25 Version)]]>https://www.conks.plumbing/p/infographics-the-global-dollar-rates-ef1https://www.conks.plumbing/p/infographics-the-global-dollar-rates-ef1Wed, 03 Sep 2025 22:59:00 GMT

— created as part of The Fed’s Reckoning (upcoming)

]]><![CDATA[Infographics: Shadow Cash Trades & Flows]]>https://www.conks.plumbing/p/infographics-shadow-cash-trades-andhttps://www.conks.plumbing/p/infographics-shadow-cash-trades-andSun, 27 Jul 2025 22:13:52 GMT

— created for the Shadow Cash Market Series

]]><![CDATA[Infographics: Centrally Cleared U.S. Treasury Market Flows]]>https://www.conks.plumbing/p/infographics-centrally-cleared-ushttps://www.conks.plumbing/p/infographics-centrally-cleared-usFri, 13 Jun 2025 18:12:07 GMT
]]><![CDATA[Infographics: The Shadow Cash Market]]>https://www.conks.plumbing/p/infographics-the-shadow-cash-markethttps://www.conks.plumbing/p/infographics-the-shadow-cash-marketWed, 28 May 2025 19:09:37 GMT

— created as part of an upcoming piece

]]><![CDATA[Infographics: The Fed's SLR Rework]]>https://www.conks.plumbing/p/infographics-the-regulatory-reworkhttps://www.conks.plumbing/p/infographics-the-regulatory-reworkSun, 06 Apr 2025 00:20:52 GMT

— created as part of The Fed’s Relief Valve series

A deregulatory-friendly administration seeks to loosen the SLR (supplementary leverage ratio) to relieve dealer balance sheets and grease the Treasury market’s plumbing. However, this will likely require more alchemy than merely altering one ratio. Cue a Conks explanation…

New feature! View key visuals from within the video in high resolution (open the web version of this email to download the slides)…

Conks is reader-supported. To receive new posts and support my work, consider becoming a free or paid subscriber.

]]><![CDATA[Infographics: The U.S. Bank Capital Requirements Complex]]>https://www.conks.plumbing/p/infographics-the-us-bank-capitalhttps://www.conks.plumbing/p/infographics-the-us-bank-capitalMon, 31 Mar 2025 22:59:00 GMT

— created as part of the Fed’s Relief Valve: Part II

best viewed on desktop/tablet - requires zoom
best viewed on desktop/tablet - requires zoom

Be sure to check the infographic footnotes for key details. Note that these are just capital requirements, not every regulatory requirement.

Conks

Conks is reader-supported. To receive new posts and support my work, consider becoming a free or paid subscriber.

]]><![CDATA[Infographics: The Fed's SLR (Supplementary Leverage Ratio) ]]>https://www.conks.plumbing/p/the-feds-slrhttps://www.conks.plumbing/p/the-feds-slrTue, 25 Mar 2025 12:04:48 GMT

— created as part of The Fed’s Relief Valve Series

From now on, Conks will publish videos as separate posts (in the infographics tab) as soon as they are finished. This is so subscribers benefit from the functionality offered via Substack video posts — unavailable in regular articles — such as subtitles and transcripts. To view a transcript of this video, visit the post on the website and hit the “Transcript” button under the post title on the right. Separate video posts also allow us to avoid needing to explain key concepts repeatedly in articles by linking to a post that provides more depth and clarity.

Have a good one…

Conks

Conks is reader-supported. To receive new posts and support my work, consider becoming a free or paid subscriber.

]]><![CDATA[Infographics: The TGA Drawdown]]>https://www.conks.plumbing/p/infographics-the-tga-drawdownhttps://www.conks.plumbing/p/infographics-the-tga-drawdownSat, 25 Jan 2025 17:37:02 GMT

— created for The Money Market Blindspot

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]]><![CDATA[Infographics: Intraday Repo Market Flows]]>https://www.conks.plumbing/p/infographics-intraday-repo-markethttps://www.conks.plumbing/p/infographics-intraday-repo-marketMon, 06 Jan 2025 22:59:26 GMT— update: these graphics have yet to include the Fed’s morning SRF operations

]]><![CDATA[Infographics: U.S. Repo Market Mechanics]]>https://www.conks.plumbing/p/infographics-us-repo-market-mechanicshttps://www.conks.plumbing/p/infographics-us-repo-market-mechanicsTue, 10 Dec 2024 23:10:15 GMT
click to enlarge (best viewed on desktop with a zoom function)
click to enlarge (best viewed on desktop with a zoom function)
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