U.S. Repo Market Tracker. November 1, 2019

Repo Rates: Average daily intervention holds steady at $84bn given Fed’s daily commitment to $120bn through October and no major shocks.

Key points

• Key points:
• Fed Balance Sheet: T-Bill purchases decreased by $7bn as reserve management operations are set to ease before the next schedule’s release on November 14
• U.S. Treasury: Net issuances continue to climb into mid-November in line with Fed operations
• Financial Markets: U.S. Treasury yield curve un-inverted in light of relative market stability and optimism towards global trade relations

Authors

Geographies

Topics

Tags