Fed's Logan (2026 voter) has taken note of growth in Treasury cash-futures basis trade and does have vulnerabilities if there's stress, potential to de-lever rapidly
Fed's Logan's remarks suggest a growing awareness of vulnerabilities in the Treasury cash-futures basis trade, which could lead to rapid de-leveraging in times of stress.
White House Press Secretary says US President Trump will focus on energy and deregulation this week; will hold a "clean beautiful coal" event on Wednesday afternoon
Fed's Hammack (2026 voter) says interest rates could remain on hold for extended period while economic data is assessed and flexibility will be maintained to raise rates if needed
Fed's Logan (2026 voter) has taken note of growth in Treasury cash-futures basis trade and does have vulnerabilities if there's stress, potential to de-lever rapidly
Smurfit Westrock (SW) to raise prices March 1st; Green Markets has learned from containerboard buyers that Smurfit Westrock has issued a price-increase, USD 70-per-ton hike for Linerboard and Medium, and USD 30 for White Top
NY Fed RRP op demand at USD 1.45bln (prev. 1.31bln) across 5 counterparties (prev. 10)
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This commentary is likely to be interpreted as a cautious stance on financial stability, possibly influencing expectations for future Fed actions. Keep an eye on how this shapes market sentiment, particularly in fixed income and FX, as it may tighten liquidity conditions.
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