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Funding Markets

All articles tagged with #funding markets

finance2 years ago•1 min saved

Banking Industry Faces Fluctuating Market Conditions.

The bank failures in March have shaken the short-term lending market, also known as funding markets, which underpins the financial system. Funding-market activity fell to its quietest since the Covid-19 pandemic erupted. On two days in mid-March, less than $2 billion of commercial paper with maturities longer than 80 days was issued, according to Federal Reserve data. This is well below typical levels for the unsecured debt averaging around $8 billion of issuance a day.

via The Wall Street Journal|

#bank-failures #commercial-paper #finance

finance2 years ago•3 min saved

Fed Emergency Lending to Banks Continues Amid Concerns for Credit Unions and Community Banks.

US banks continue to draw on the Federal Reserve's backstop facilities, with outstanding borrowings totaling $163.9 billion in the week through March 22. The Fed's traditional backstop lending program, known as the discount window, saw $110.2 billion in borrowing, while the Bank Term Funding Program had $53.7 billion in outstanding borrowings. The Fed loans to bridge banks established by the Federal Deposit Insurance Corp. to resolve SVB and Signature Bank rose to $179.8 billion from $142.8 billion the previous week. Funding markets had been showing signs of stress, though pressures have subsided with the take-up of emergency measures.

via Yahoo Finance|

#banks #borrowings #federal-reserve