MBCC TH 2nd Feb'24 - "Is CRE killing banks balance sheets again, can this force the Fed? Next week Bond sales super important for yields?"

SO one week a lot of news and moves. Powell goes hawkish, kills the market and optimism. then CRE banks blow up as mtm hits BNP/NYFC/Aozura…how many more?

Irony that BTFP is coming to an end….

read below as next week and Fed is SUPER IMP! You would like to believe that its independent, but it always is…until it isnt..