WEEKLY WRAP-UP (s2023 e10)

for the week ending Friday, September 15th, 2023

It seems quaint now, but it was only four months ago that folks were deeply worried about the scheduled increase in the Treasury General Account (TGA) sucking all the liquidity out of the system and causing a risk-off event. In my piece, TGA TALK (AGAIN) I provided a framework for understanding how the various plumbing bits might work together, but I di…