Free Trial

FED Reverse Repo Operation: Counterparties Fall to Early Jan 2022 Lows

US
  • RRP usage recedes to $676.050B vs. $691.485B Monday, compares to $664.899B on Thursday, January 4 -- the lowest level since mid-June 2021.
  • Meanwhile, the number of counterparties falls to 72 -- the lowest since January 5, 2022.
  • Morgan Stanley economists’ "base case is the Fed begins taper in September by $10bn per month for Treasury securities (from a current max runoff of $60bn per month) as the RRP depletes, with an eventual end to QT in February 2025."

NY Federal Reserve/MNI

To read the full story

Close

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.