Breaking News From the Fed (monday, 9/29)

In coordination with foreign central banks, the Fed just announced the following:

Fed to increase 84 day Term Lending Facility from 75 bil to 225 bil

Fed to provide two forward TAF auctions of 150bil each to foster year end liquidity

Fed to increase dollar swap lines to 620 bil from 290bil

This is an unprecedented move to tap liquidity from overseas markets. This will be an "uncertainty" for the markets to digest in the short term, so stay closely tuned as we bring you the potentially volatile price changes while the markets rush to interpret this unique event.