Is the Demand for T-bills Driving Treasury Deposits at the Fed?

mises.org / Frank Shostak / March 31, 2017 On October 2016, the US Money Market Fund (MMF) industry underwent a reform with new requirements for US institutional prime and municipal MMFs becoming effective. Under the new US MMF regulations, institutional prime and municipal MMFs are required to change from a fixed net asset value (NAV) to a
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