Apr 15, 07:02 PM

Treasury Auction Settlement Pressures Repo Markets; Reverse Repo Facility Hits 3-Year Low, $80B Drop, ON Reverse Repo at $327BN

The Treasury auctions settling today have led to pressure on repo markets and collateral due to the need to sell or fund inventories at dealers. The reverse repo facility has dropped significantly to new lows, with liquidity decreasing by over $80B, reaching levels not seen in nearly three years. The private repo market rates spiked, causing a large drop in overnight reverse repo, now down to just $327BN.

#Treasury

Written with ChatGPT (GPT-3).

Sources

The Sirius Report@thesiriusreport
2 years ago
Nothing to see here: Reverse repo down to $327bn
Andreas Steno Larsen@AndreasSteno
2 years ago
USD LIQUIDITY ALERT Large drop in ON RRP yesterday as private repo market rates spiked When the ON RRP is emptied to fill a gap in private repo liquidity pools, it is obviously far less positive than when the ON RRP is emptied to fill the gap in a net/net positive bills… https://t.co/CpfSsThVFa
zerohedge@zerohedge
2 years ago
No surprise here: in late Q4, early Q1 liquidity flooded the system as RRP withdrawals were far in excess of QT reductions. But RRP now is down to just $327BN https://t.co/vNpG4qkjCZ

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Treasury Auction Settlement Pressures Repo Markets; Reverse Repo Facility Hits 3-Year Low, $80B Drop, ON Reverse Repo at $327BN

Sources

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