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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.
FED
- RRP usage rises $25B to $2.247T on Oct 12, holding to a relatively narrow range of 2.222-2.253T in October to date since the record $2.426T on Q3 quarter end.
- Counterparties increase 3 to a still fairly typical 103.
- After the Fed's net interest earnings turned negative in September, Barclays expects interest on reserve balance and reverse repo expenses to double next year to $200 billion, with the Fed’s net interest income falling to -$60B in 2023 and -$15B in 2024, from an estimated $60B in 2022, with payments to Treasury potentially not happening until 2026.
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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