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I think there was an arb play - park treasuries / debt for loan at BTFP and deposit the cash in reserve account, collect the spread
probably done to disincentivize that type of usage leading up to the program ending
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I think there was an arb play - park treasuries / debt for loan at BTFP and deposit the cash in reserve account, collect the spread
probably done to disincentivize that type of usage leading up to the program ending
also increased the rates? why would they increase if they are already planning to stop it?