Money Market Update
Money Market Update
the Treasury & Fed create small headwinds for risk, with a mild increase in duration issuance and Powell's dovish(ish) speech. meanwhile, with fewer bills issued, the RRP decline should slow its pace
In case you missed it — or you’ve just joined us — part two of our repo market deep dive went live recently (links to part two and one below)…
For a recap on how increased duration issuance affects asset prices, see the post beneath detailing the mechanics…
Coming soon, we’ll look at some more upcoming market evolutions: the future of the repo market, and the Fed’s discount window. A small taster:
But first, a money market update…
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For the curves, are they zero curves?