Fed's Cook Says 'Closely Watching' Non-Banks With Large Liquidity Mismatches, Including Certain Money Market Funds, As Well As Leveraged Basis Trades Among Hedge Funds
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Cook has expressed concern over non-banks with large liquidity mismatches, including certain money market funds. He also mentioned the leveraged basis trades among hedge funds.
November 06, 2023 | 4:06 pm
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NEUTRAL IMPACT
The SPY ETF, which tracks the S&P 500, may be indirectly affected by the Federal Reserve's concerns over liquidity mismatches and leveraged basis trades.
While SPY is not directly mentioned, it could be indirectly affected due to its broad market exposure. Concerns over liquidity mismatches and leveraged trades could lead to increased market volatility, potentially affecting the value of SPY.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50