Sunday, June 28, 2020

Report of Federal Reserve Municipal Liquidity Facility

https://www.federalreserve.gov/publications/files/mlf-6-15-2020.pdf

 

As of June 4, the U.S. Treasury had supplied half of the $35 billion it pledged to support this Special Purpose Vehicle that would support the municipal bond market. No Fed funds had been supplied to the SPV. [Does this mean the SPV had acquired no securities]

 

Charlie Cooper

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