The #BTFP is currently being drained as banks have to pay back their loans.
This is now draining liquidity out of the markets.
Here is what it means going forward and why the bank stocks have not fully crashed yet:
The Bank Term Funding Program (BTFP) allows banks to borrow… pic.twitter.com/rxD21yDYhJ
— The Coastal Journal (@1CoastalJournal) July 30, 2024
Here’s a video explanation. pic.twitter.com/f3jWJiVx5K
— The Coastal Journal (@1CoastalJournal) July 30, 2024