Federal Reserve data, balance sheet to 8.783 tln USD from 8.689 tln the week before:

Discount-window loans $110.2b

  • vs $152.9b a week ago

Term funding loans $53.7b

  • vs. $11.9b a week ago

FDIC bridge lending $179.8b

  • $142.8b the week before


Ahhhh .... so here is the pause we've been looking for. In QT though ;-)

  • about two-thirds of QT has been reversed as of this update

No surprise here.

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