US Treasury Secretary Janet Yellen is set to speak in Europe on Thursday, May 23, focusing on her mission related to Ukraine, as reported by POLITICO. Yellen has also been actively managing the Treasury General Account (TGA), draining $220 billion since April lows. This move has provided market liquidity following a period of relative tightening.
BTFP drops less than $600 million last week; facility is now $20.4 billion above level from year ago, so we'll likely have some big drains coming in the weeks ahead - and regional banks still don't seem to have the room on their balance sheets to repay this $100B+ debt... https://t.co/8o2F8H1Erc
Yellen's been busy draining the TGA account again to the tune of $220B since the April lows in case you're wondering where all that market lifting liquidity has been coming from after the relative tightening during the April correction. https://t.co/3WqgbGSVli
Janet Yellen’s #Ukraine mission - @POLITICO https://t.co/Rds1MJgR9N
Incoming: Yellen headlines. Again. https://t.co/DkNvFsOea2
Heads up for US Treasury Secretary Yellen to speak in Europe on Thursday https://t.co/RoVCnAtPfo