Friday, August 21, 2009

TALF Subcriptions breach $2.2 billion, market unimpressed

TALF subscriptions came in a little lower than expected yesterday, but still, $2.28 billion of new liquidity is good.

Some blamed the rally for the lower subscription, but yields are still attractive. It could be that TALF is a little less attractive once you start looking up her skirt though.

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