Deposit Outflows Continue With Foreign Banks Bleeding Most
May 05, 2023 at 16:44 PM EDT
After yesterday’s massive money market inflows, expectations are that tonight’s data from The Fed’s H.8 report will show major deposit outflows from US commercial banks (despite today’s exuberant bounce in some regional bank shares). Bear in mind, as we detailed yesterday, that The Fed’s emergency bank rescue facility usage remains extremely high and has shown […] Source
