New York Fed Swap Lines With Europe Increase By $390MM, Rise To $2.248BN

The New York Fed has released its updated FX swap line data: while the USD line with the BOJ has been cut from $102 million to just $1 million, what is more disturbing is that the swap lines with the ECB increased by $390 million to $2.248 billion. This amount is split between $500 million in a 7 day line at 1.08% and the balance locked up in a 84 day swap at 1.09%, which is where the addition was found. And now we start getting the denials from European banks as to who it may have been to

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