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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.
MNI Fed Balance Sheet Tracker - Aug 20, 2021
EXECUTIVE SUMMARY:
- The domestic overnight reverse repo facility has been sustained above the $1T level for 7 consecutive sessions (Aug 11 to 19) and it looks likely that it will stay elevated at or above that 13-digit sum for the foreseeable future as Fed asset purchases continue.
- The reserves created by the Fed's asset purchase program has been effectively sterilized by ON RRP takeup.
- This could mean that a taper later this year is not only largely expected and priced in, but could also have less of a near-term impact on liquidity than many seem to expect.
PLEASE USE THE FOLLOWING LINK TO ACCESS FULL PDF ANALYSIS:
Source: Federal Reserve, 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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