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Clogged Bank Balance Sheets Cause Key Repo Funding Rate to Spike

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A key rate tied to the day-to-day borrowing needs of the financial system hit the highest level since the beginning of the year as chunky Treasury auction settlements and clogged primary dealer balance sheets curbed lending capacity.

Euro-Zone Inflation Slows as Lagarde Plays for Time on RatesMarkets today: U.S.

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