Would the “Collateral In-Lieu” mechanism within the framework of the FICC, paired with anonymity from netted collateral in Sponsored GC CIL omnibus accounts, not serve the same purpose as the SRF in this case - minus the stigma?
Agree completely on eslr impact. Has the FOMC or NYFRB indicated something that justifies 20BN of Bills buying above MBS and 20BN for 5 months of oops we drained reserves too fast and need to reload by 100BN?
Do you feel that this was specifically designed as a defense against foreign-selling shocks?
Not particularly
Would the “Collateral In-Lieu” mechanism within the framework of the FICC, paired with anonymity from netted collateral in Sponsored GC CIL omnibus accounts, not serve the same purpose as the SRF in this case - minus the stigma?
that's a topic I'm covering soon
Awesome, can’t wait to read it. Thank you!
Agree completely on eslr impact. Has the FOMC or NYFRB indicated something that justifies 20BN of Bills buying above MBS and 20BN for 5 months of oops we drained reserves too fast and need to reload by 100BN?
no
that's merely speculation, a potential but unlikely policy move
What problem would that fix and would it be effective?