🔥The 9th Round of Easy Loan, Earn $40 Reward is in progress❗️ ⏰ Promotion Period: January 15th - Feburary 15th, 2025 👉 Register now and check more details at gate.io/campaigns/358

Thanks to President Esther George Kansas City Fed there were a record number of women participants in the Jackson Hole event this year. There was much to celebrate with the appointment of several women into Federal Reserve leadership and central banking positions globally.

Congratulations, Doug 🎉🎉🎉

Congratulations again to #ChicagoBooth professor Douglas Diamond, 2022 #NobelPrize laureate in Economic Sciences! Watch his reaction to winning the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2022.

A great podcast on the $dollar by Hyun Song Shin you should not miss!

JANUARY 10: Join Chicago Booth at the Economic Outlook event as Booth economists share insights on inflation, climate change, instability in global markets, and the potential for a recession. Register here: bit.ly/3CgtPW0. #PartnersInImpact

My latest Liberty Street Blog (with Ben Hebert and Wenhao Li) on the primary dealers’ Treasury position, the swap spread, and CIP deviations.

ICYMI, an earlier Liberty Street Economics blog on the role of foreign banking organizations in providing dollar liquidity.

A great piece by Wenxin Du et al explains the role of financial intermediaries’ balance sheet constraints on the “(in)convenience yield” of Treasury bonds, which have become inconvenient bc their on-balance sheet capital costs vs interest rate swaps. Great wonkish read!

This is a fabulous explainer on why treasuries price the way they do using an arbitrage approach (instead of using unobservable "convenience yields" or bubble terms). If you're interested in gov bond pricing, this is a must read ❤️ Florian Schuster-Johnson

The rise of the “negative swap spread” suggests that Treasury bonds are “inconvenient,” relative to interest rate swaps. In today’s post, the authors explore this Treasury “inconvenience” premium & cover dealers’ balance sheet constraints in explaining it. nyfed.org/3HG0OVs

🚨🚨Reminder - the deadline to submit papers to the 2nd conference on the “International Roles of the US Dollar” at the New York Fed is TODAY.

Congratulations!!!

📢 Registration now open to academics and researchers for the NY Fed - NYU Stern conference, which features a terrific panel and great papers.

The NBER Spring Asset Pricing meeting is this Friday starting at 8:45am Central time; find livestream here: youtube.com/channel/UC79EL… program here: nber.org/conferences/as…

Call for Papers: “22nd Macro-Finance Society Workshop” held at the University of Chicago on October 27-28 co-sponsored by the Macro Finance Research Program⁩ and organized by ⁦Wenxin Du⁩ and ⁦Carolin Pflueger⁩ | BFI bfi.uchicago.edu/event/call-for…

A new US payment system will launch in July. Terrific intro piece on FedNow from my NY Fed colleagues Michael Lee and Antoine Martin tellerwindow.newyorkfed.org/2023/06/26/fed…