(an interoffice email)

On Jan 14, 2008 10:29 AM, Warren Mosler wrote:
> thanks, continued tafs will get it to wherever the fed actually wants
> it. it’s a policy rate they can administer at will.
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> On Jan 14, 2008 10:16 AM, Pat Doyle wrote:
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> > Today you can say that the spread has narrowed significantly between LIBOR
> > and FFs. The spread on the indices has been above 60 (with a few
> > exceptions) since August. Aug 7th it was 12bps and was over 100 at times.
> > NOW THE SPREAD IS 43.
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> >