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US bank deposits to come under pressure again
Morgan Stanley says that with the signing of the debt deal the US Treasury will issue a huge rollout of T-bills, which could see bank deposits come under pressure all over again:MS sees circa US$1.36 trillion of net T-bill issuance over the rest of 2023$1 trillion of that is to be issued in the coming 4 monthsuggesting circa $450b of gross outflows over the next four monthsMorgan Stanley's fixed income team says it anticipates that money market funds are unlikely to be major buyers of T-bills,...
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Posted: Jun 12 2023, 21:57
Author Name: forexlive
Views: 103152