UDPATE : more and more Fed money printing ongoing.
Repurchases rates have spiked – and now the SOFR too – as a consequence of Donald Trump playing with the fire in the Middle East. The New York Fed is getting in the markets on the orders of Donald Trump to conceal divestment by Saudi Arabia.
Saudi Arabian investors know that the Iranian missiles are a reply to secret US railgun policy – secret destruction of weapon arsenals in Russia, Kazakhstan, Northern Cyprus. (see one, two – with direct proof : shadow of the shells as the sun was very high and the railgun had hit a lob, three)
So they’re certainly paying the US Pentagon for the “help” promised against Iran (Trump said they will have to foot the bill)… with money pulled from their investments in US Treasuries. They’re not fools.
And the situation is accelerating now. The liquidity crisis, with shortage of funding on markets, exactly as what was the peak of the 2008 liquidity crisis, is getting harsher.