The mystery of "liquidity tightening" in the U.S. market revealed? JPMorgan withdraws nearly $350 billion from its Federal Reserve account and invests it in U.S. Treasury bonds.
A major asset reallocation by the largest bank in the United States may be shedding light on some of the recent market liquidity tightness.
JPMorgan Chase has recently withdrawn tens of billions of dollars in cash reserves from the Federal Reserve and is instead aggressively purchasing U.S. Treasuries. This