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Situational awareness:

  • The New York Fed will inject an additional $75 billion into the repo market today, its fourth liquidity injection of the week, after swap spreads fell to their lowest level on record. (Bloomberg)
  • Payment processing company Stripe increased its valuation to $35 billion after a new fundraising round from Sequoia Capital, General Catalyst and Andreessen Horowitz. (WSJ)
  • Saudi Arabia is trying to "force," "coerce" and "bully" some of the kingdom's wealthiest families into investing in the Aramco IPO, per 4 anonymous sources. (FT)