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February 1, 2020 | Effective Fed Funds Rates Jumps to Highest All Year

Mike 'Mish' Shedlock

Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.
The effective Fed Fund Rate jumped today, but what does it mean?
Highest All YearI do not know the cause but the Effective Rate jump seems unusual.​

My Conversation With the 30-Year Long Bond

In My Conversation With the 30-Year Long Bond I noted a “solid wall of inversions” from the three-year note through the Fed Funds Rate.

The Fed Funds rate would not be inverted with the 3-month and 6-month T-Bills without the Fed Funds Rate jump today.

Recall that it was a Fed Ends Rate jump that kicked off the Repo Crisis.

Mike “Mish” Shedlock

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February 1st, 2020

Posted In: Mish Talk

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