I saw the news this morning. I thought to myself: this is it, the economic crash is coming. Zerohedge was right Cheesy
But I see nothing alarming. From what I got the U.S. Treasury issued adjudication that were supposed to be settled on Monday for $$ billion and the banks needed to use their USD reserves. Banks no longer have a 100% reserve, they have perhaps about 10%. So fewer dollars were available
It's like a loan, just for the night, with Treasury Bond as collateral. Rates had returned to their normal level on the next day.