"End of an Era: Fed's Emergency Loan Programs Set to Expire"
TL;DR Summary
The Federal Reserve's Bank Term Funding Program, set to expire on March 11, is causing a stir in the markets as traders rush to take advantage of a risk-free arbitrage opportunity before it ends, following signals from the Fed's top bank watchdog that the central bank is unlikely to renew the key lending facility created during last year's banking crisis.
Topics:business#arbitrage#bank-term-funding-program#emergency-program#federal-reserve#finance#lending-facility
- Markets Get Ready for Risk-Free Fed Arbitrage Trade to Expire Bloomberg
- Fed will let emergency bank-loan program expire, top official says MarketWatch
- The BTFP Will Expire in March: Fed Vice Chair for Supervision Michael Barr WOLF STREET
- Goodbye to the Fed's 2023 Crisis Facility, the BTFP? The Wall Street Journal
- Fed's Barr Signals Emergency Loan Program Won't Be Extended Bloomberg
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