My understanding: Demand > supply for short term high quality, liquid financial ...

thoughtstheseus on Nov 7, 2019 | parent | context | favorite | on: New York Fed Adds $115.14B in Short-Term Liquidity...

My understanding: Demand > supply for short term high quality, liquid financial assets. The ny fed provides a lower bound of sorts for yields in this market, they need to provide huge amounts of liquidity right now to prevent ST yields from spiking.