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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EXECUTIVE SUMMARY:
- The FOMC revealed it had started "talking about talking" about tapering asset purchases at the June 15-16 meeting, putting into play several questions on the topic of asset purchase reduction.
- These include not just timing for the start of tapering, but also the composition of the reduction in asset purchases, including potential for prioritizing an MBS taper.
- Overnight reverse repo facility takeup has eclipsed $1trn for the first time. But that's not unprecedented as a percentage of the total Fed balance sheet, and Fed officials appear unfazed by the large takeup. ON RRP looks set to continue growing into quarter-end, and in the coming weeks.
PLEASE USE THE FOLLOWING LINK TO ACCESS FULL PDF ANALYSIS:
Source: Fed, MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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