
US Net Liquidity Rises $82B in a Week
US net liquidity, the Fed's balance sheet minus the Treasury's cash account and the reverse repo facility, rose $81.8 billion in the week to November 4 to $5.812 trillion, according to the Fed's H.4.1 release. The biggest move: the Treasury's cash account (TGA) fell $79.4 billion, adding liquidity. Over four weeks the measure is down $47.8 billion ($SPY $BTC).