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.
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.
quoting note19th…pzpzWhat 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
