That said, as of this moment, the dollar is in free fall (1.4114 Euro, 2.0289 GBP.) Also, strangely, the 91-day is in high demand, as the discount yield continues to run away from the FFR (yield is now 3.57 compared to the FFR of 4.75.)
Anyone want to take a stab at the reason for the 91-day yield flight from the FFR? Is there a historical precedent?
