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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
- Fed RRP usage unchanged at $2.210T after its small climb over the past week (counterparties -1 to 103), staying below the latest month-end boost of $2.251B from Aug 31.
- Waller earlier: QT run-rate hitting full stride is priced in and not clear how much more pressure it will have on rates. We’ll start to see it if we see “a lot” of drainage out of our RRP facility, that reserves are getting pretty scarce, then we might see some other issues.
- The Fed anticipates take-up to decline over time as money market interest rates rise relative to the Fed's rate, the NY Fed's market chief pro tem Zobel said yesterday.
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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