Western Alliance Bancorporation (WAL)

[tw0122]

At same time use of Fed's BTFP is rising, repo volumes are up again, too (just before quarter-end). This sounds like a good thing and would be if not for that whole banking crisis in the background. In fact, higher volumes are part of the crisis.

At same time use of Fed's BTFP is rising, repo volumes are up again, too (just before quarter-end). This sounds like a good thing and would be if not for that whole banking crisis in the background. In fact, higher volumes are part of the crisis. pic.twitter.com/zOsacwc3aX

— Jeffrey P. Snider (@JeffSnider_EDU) June 17, 2023