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What I'm watching... 👀

The Federal Funds Effective Rate (FFER) has been set at 5.33% since August 2023.

It will almost certainly be lower by the end of the day.

The FFER heavily influences short-term T-bill rates, as well as the amount and flow of money utilizing Overnight Reverse Repurchase Agreements... which is a significant component of US Net Liquidity.

#macro
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Schicer 1y ago

I feel like there are two types of people - those who understand the repo market and those who don’t.

Despite my efforts, I am the latter.

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thehankman 1y ago

Hear hear