U.S. funding markets are approaching quarter-end on a remarkably sure footing, given the Treasury is still borrowing in near-record amounts, its cash pile has barely ever been larger, and the pandemic appears to be seeing a resurgence.
U.S. funding markets are approaching quarter-end on a remarkably sure footing, given the Treasury is still borrowing in near-record amounts, its cash pile has barely ever been larger, and the pandemic appears to be seeing a resurgence.