Free Trial
US TSYS

What Recession?

US TSYS

Eurodollar/SOFR/ Tsy Options Roundup

PIPELINE

Corporate Issuance Over $60B/Wk

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

FED Reverse Repo Operation

US
  • NY Fed reverse repo usage stepped back to $2,167B after yesterday’s quarter-end driven new record of $2,330B.
  • The number of counterparties fell back to a more typical 99 from 108 although still remains at the high end of the recent range.
  • Former Fed Governor Jeremy Stein said yesterday that the ballooning of the program is not an indication of underlying market stress but is merely tied to appeal of the rates offered on the securities (RRP rate is just 10bps below what’s offered on bank reserves) – https://blinks.bloomberg.com/news/stories/REB44ET0AFB6


86 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • NY Fed reverse repo usage stepped back to $2,167B after yesterday’s quarter-end driven new record of $2,330B.
  • The number of counterparties fell back to a more typical 99 from 108 although still remains at the high end of the recent range.
  • Former Fed Governor Jeremy Stein said yesterday that the ballooning of the program is not an indication of underlying market stress but is merely tied to appeal of the rates offered on the securities (RRP rate is just 10bps below what’s offered on bank reserves) – https://blinks.bloomberg.com/news/stories/REB44ET0AFB6