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RE: The GSE Carry Trade...???
Nov 12 11:35 am
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All Comments by TimT »What's Happening to the Fed Funds? [View article]
I'm not sure the author can come up with a single instance where a Member Bank could borrow from the FHLB at a rate lower than what the Fed pays on excess reserves. Perhaps Freddie and Fannie are loaning funds that I am not aware of but I don't think so?