Fed Liquidity Backstop Lights Up as Year-End Funding Stress Surfaces
Year-end repo stress forces the Fed to pivot from balance-sheet runoff to active liquidity support, signaling reserve scarcity beneath steady headline rates.
Lending Thaws as Banks and Debt Funds Reopen Spigots
CRE debt markets show revived liquidity as banks and private lenders return, compressing spreads and opening a refinancing window for resilient asset classes.