BTFP is $25bn of funding available for 1 year at overnight rate + 10bps.
The budget deficit is $723 billion.
The BTFP program is about 3% the size of what the government borrows EACH YEAR.
BTFP is $25bn of funding available for 1 year at overnight rate + 10bps.
The budget deficit is $723 billion.
The BTFP program is about 3% the size of what the government borrows EACH YEAR.
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