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March 24, 2008 at 12:07 AM #175622
HereWeGo
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Well, the TBill rates have recovered as of midnight. Wacky SocGen traders.

SDR-
There’s a rumor that the Fed got a little perturbed at the IBs for the commodity runup, and basically said that if they wanted to take part in the TSLF, that new liquidity better not find its way to the commodity market.