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‘We Could See Volatility’: Expiration Of SLR Relief Haunts Strategists
Not everyone is particularly sanguine about the Fed's decision to allow supplementary leverage ratio exclusions to expire as scheduled at the end of the month.
This was a hot-button issue already. It scarcely needed to be further dramatized. In that respect, the timing of the recent Treasury selloff left something to be desired. The backup in rates and last month's disastrous seven-year auction threw the SLR debate into stark relief. By the time Jerome Powell took questions after the March FOMC
One thing I have observed over the past 15 years, is that when the Boomers scream loud enough that they want more juice, the Fed gives it to them.
Funny and true!