How about this for 'fed funds' machinations?!

[c1ue]

http://www.newyorkfed.org/markets/om...dfundsdata.cfm

Federal Funds Data
DATE
DAILY1
RANGE
STD. DEV.
TARGET RATE
LOW
HIGH
10/31/2007
4.6
2.25
5
0.41
4.5
10/30/2007
4.78
3.5
5
0.21
4.75
10/29/2007
4.84
4.25
5.25
0.1
4.75
10/26/2007
4.8
3.5
5
0.16
4.75
10/25/2007
4.86
4.65
15
0.38
4.75
10/24/2007*
4.74
4.25
5.5
0.15
4.75
10/23/2007
4.67
4
6
0.16
4.75
10/22/2007
4.71
4
4.875
0.12
4.75
10/19/2007
4.77
4.625
5.125
0.09
4.75

Who do you think borrowed at 15%? I saw another link which noted that there were several operations are 7% as well:

http://market-ticker.denninger.net/2...it-market.html

[EJ]

Re: How about this for 'fed funds' machinations?!

http://www.newyorkfed.org/markets/om...dfundsdata.cfm

Federal Funds Data
DATE
DAILY1
RANGE
STD. DEV.
TARGET RATE
LOW
HIGH
10/31/2007
4.6
2.25
5
0.41
4.5
10/30/2007
4.78
3.5
5
0.21
4.75
10/29/2007
4.84
4.25
5.25
0.1
4.75
10/26/2007
4.8
3.5
5
0.16
4.75
10/25/2007
4.86
4.65
15
0.38
4.75
10/24/2007*
4.74
4.25
5.5
0.15
4.75
10/23/2007
4.67
4
6
0.16
4.75
10/22/2007
4.71
4
4.875
0.12
4.75
10/19/2007
4.77
4.625
5.125
0.09
4.75

Who do you think borrowed at 15%? I saw another link which noted that there were several operations are 7% as well:

http://market-ticker.denninger.net/2...it-market.html

We got this in from Christoph yesterday. Here it is on a graph:

Someone had a bad day. "You want it bad you get it bad."

[Andreuccio]

Re: How about this for 'fed funds' machinations?!

We got this in from Christoph yesterday. Here it is on a graph:

Someone had a bad day. "You want it bad you get it bad."

If someone had a bad day, doesn't that mean someone else (on the other side of the trade) had a really good day?

Could this be a typo?

[EJ]

Re: How about this for 'fed funds' machinations?!

Could this be a typo?

That's the first question we asked. The Fed's process for issuing these reports is rigorous. The amount of the loan was $75 million.

[rj1]

Re: How about this for 'fed funds' machinations?!

Would it be someone like Merrill since they just declared losses of $8 billion? The 25th was the day after they publicly declared their loss.

Or are they too "big" to take such an outrageous loan from another bank for just $75 million?