Money Market Update
Money Market Update
while broader markets grow volatile, dollar funding markets remain calm. funding stress signals, such as wider cross-currency bases, have barely reacted. though, one rate benchmark has gone rogue
In case you missed it — or you’ve just joined us — our latest piece, the Great Flattening, went live recently.
Next up, we’ll try to debunk a bizarre money market rate dislocation, plus the Fed’s upcoming changes to its most crucial benchmark, while intertwining a few other plumbing topics. Upcoming works include the Fed’s global defense mechanism, mapping out China’s “hidden dollar hoard,” and some infographics/primers in between. Stay tuned…
But first, a money market update…
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I thought it was a little odd that triparty rates had fallen below the RRP rate..