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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 uptake drops a further $35B to $2.069T, the lowest since Jun 6 prior to the FOMC ramping up its hiking pace.
- In doing so it passed through the most recent low of 2.087T (Nov 15) that was seen partly down to mid-quarter Tsy settlements and cash market repositioning after the US CPI release the prior week sparked a significant Tsy rally that made repo rates relatively more attractive.
- Analysts see a material pullback over the next year, with GS forecasting RRP usage to fall $750B by end-2023 and MS estimating RRP balances of around $1.2T by end-2023.
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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