20 Billion to Fed on July 5?

[mirandapriestly]

On a blog I saw a link to this message which says:

"Anyone know why the Fed needed 20 billion in repos today, with none expiring? It's not like rates are even at the target; they are well below around 3.18. So why the burst or money? Usually, such a pump would be the direct result of "something bad" like a terrible employment report.

And the delayed the announcement too, probably to see just how much they needed to add in after the conference call with the other players. "

http://clearstation.etrade.com/cgi-bin/bbs?post_id=6658705&usernm=dcb

I don't know what they mean, exactly are there any financial types here that do? I've heard other references to this and wondered if it was a big deal or not.

[dbeach]

1. I had posted same in gd

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=103&topic_id=138624&mesg_id=138624



kinda got yawned at.

but this is related..

[mirandapriestly]

2. thanks