Fed unwind and US Treasury buildup drive up short-term borrowing costs

Short-term borrowing is getting expensive again in the U. S. , and traders aren’t ignoring it. According to data from Bloomberg, the surge started when the Federal Reserve began slicing down its balance sheet while the Treasury ramped up cash collection. Both are yanking liquidity out of funding markets that’ve been flooded with cheap money for almost […] source: https://www.cryptopolitan.com/fed-unwind-treasury-short-term-borrowing/