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Video: The Treasury’s Liquidity Programs And Markets

US Treasury Secretary Steven Mnuchin has come under fire for failing to extend a number of the Treasury’s liquidity support programs into 2021. But as Will outlines in this short video interview, while the existence of the facilities that are set to expire helped to shore up sentiment back in March and April, they have been little used, and are now largely irrelevant in practical terms. The release of the cash that was raised to fund the expiring facilities could even provide a boost for US markets.

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