SRF provides daily $500B liquidity limit for overnight repo operations
a rate is published daily & dealers lend borrow against US bonds
dealers/market makers use SRF when the rate in the open repo market gets too high
SRF = Standing Repo Facility
π¨FED just injected $11B of liquidity
π TL;DR: interest rate cuts & QE incoming
$11B is insignificant - but itβs an early sign: there is a lack of liquidity/cash
if undressed, will lead to systemic defaults. existing debt needs to be refinanced
the fix/whatβs next? see TL;DR