Global Macro Service > Research Briefings > United States

Surge in demand at Fed’s RRP operations to continue

Ongoing Fed asset purchases, large Treasury bill auction paydowns, monthly cash inflows from GSEs, and shrinking Treasury account balances have led to a flood of cash into money markets pushing money market rates to 0% and in some cases negative.

To read the full briefing please
If you are not a subscriber, request a free trial of our Global Macro Service by filling out the form below