Fed Reverse Repo Usage Shows No Sign of Slowing Amid Imbalances (Banks Have Nice Place To Park Money)
by confoundedinterest17 The glut of cash in U.S. interest-rate markets pushed the amount of money that investors are parking at a major central bank facility to yet another all-time high. Eighty-two participants on Tuesday placed $1.19 trillion at the Federal Reserve’s overnight reverse repurchase agreement facility, in which counterparties like money-market funds can place cash with … Read more