Swiss Economicblogs.org
So much going on this week in the bond market, it actually overshadowed the ridiculous noise coming from the Fed’s reverse repo. Some maybe too many want to make a huge deal out of this RRP if only because the numbers associated with it have gotten so big. To end Q2 2021, financial counterparties “lent” just about $1 trillion to the Fed. Holy cow! A trillion! There’s way too much money! Eh. The RRP, especially around its more informative margins, has little to do...
Read More »RRP No Collateral Coincidences As Bills Quirk, Too
