Mark Cabana on the Fed, QT and Treasury Funding

This podcast episode delves into various aspects related to monetary policy, the Fed balance sheet, commercial banks' liquidity preferences, negative equity, quantitative tightening (QT), and more. The experts discuss the impact of recent rate hikes, the failure of SVB, and the dynamics of the repo market on liquidity preferences. They also explore the costs and implications of the Fed's large balance sheet and negative equity position. Overall, the episode provides valuable insights into the complex interplay between central banks, liquidity, interest rates, and the financial system.