Listen "From Liquidity To A Credit Crisis"
Episode Synopsis
On today's episode of The Macro Trading Floor, Alfonso & Andreas discuss the continued fallout from the collapse of Silicon Valley Bank, and what it means for markets. The Fed's H.4.1 report was released this past week, which saw the balance sheet increasing by roughly $300 Billion. The balance sheet increase consisted of a record $152.9 billion usage in the Fed's discount window, $11.9 billion in the Fed's new BTFP facility & a final $142.8bn to guarantee all deposits at SVB and Signature Bank. With a rally in risk asset's, many viewed this as the return of QE, similar to the 2019 repo crisis. In this episode, we discuss whether this is really the return of QE, or not and what it will mean for markets in 2023. To hear all this and more, you'll have to tune in! -- Today's show is sponsored by Public.com: Get a 4.7% yield when you open a government-backed Treasury Account.* That's a higher yield than a high-yield savings account.** Go to public.com/macrotradingfloor *26-week T-bill rate (as of 3/19/23) when held to maturity. Rate shown is gross of fees. **As compared to the national high-yield savings average of 3.43% (Source: Time.com/NextAdvisor as of 12/30/22). -- Follow Andreas: https://twitter.com/AndreasSteno Follow Alf: https://twitter.com/MacroAlf Follow Blockworks: https://twitter.com/Blockworks_ Subscribe To The Macro Compass: https://www.themacrocompass.com/ Subscribe To Steno Research: https://stenoresearch.com/ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Disclaimer: Nothing discussed on The Macro Trading Floor should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
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