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.Takeup of the Fed's overnight reverse repo facility rose for a 2nd consecutive day Wednesday, up $13.6B to $131.7B. That retraces most of the ~$70B fall in takeup between Dec 11 and Dec 16 when it hit a post-pandemic low just above $110B. The drop was seen as largely reflecting a large Treasury settlement, with ON RRP takeup seen retracing to pre-December levels ($140-200B) through the rest of this week and into next.
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.Takeup of the Fed's overnight reverse repo facility rose for a 2nd consecutive day Wednesday, up $13.6B to $131.7B. That retraces most of the ~$70B fall in takeup between Dec 11 and Dec 16 when it hit a post-pandemic low just above $110B. The drop was seen as largely reflecting a large Treasury settlement, with ON RRP takeup seen retracing to pre-December levels ($140-200B) through the rest of this week and into next.