What is Nostr?
Dr. Jeff / Dr. Jeff Ross
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2024-09-18 19:42:52

Dr. Jeff on Nostr: Incoming: Standing overnight reverse repurchase agreement operations offering rate of ...

Incoming: Standing overnight reverse repurchase agreement operations offering rate of 4.8%.

Down from 5.3%, previously. Which has been the standing rate since August 2023.

Short term (~1-3 months) T-bill yields will quickly reflect this new rate.

What I'm watching... 👀

The Federal Funds Effective Rate (FFER) has been set at 5.33% since August 2023.

It will almost certainly be lower by the end of the day.

The FFER heavily influences short-term T-bill rates, as well as the amount and flow of money utilizing Overnight Reverse Repurchase Agreements... which is a significant component of US Net Liquidity.

#macro

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