Demand for a major Federal Reserve facility dropped to the lowest level in more than four years as investors and banks put money back to work as part of portfolio rebalancing after the end of the month https://t.co/Wvmkqj7uJw ...

Market Liquidity - Funds parked at a major Federal Reserve facility dropped to the lowest level in more than four years [1] - Treasury Department issues more short-dated debt to finance the growing deficit [1] - Increased Treasury debt issuance is luring cash away from a key source of market liquidity [1]