Fed's Reverse Repurchase Agreements Hits $2 Trillion [Eurodollar University, Ep. 243]

Two short-term money markets are yielding LESS THAN the Federal Reserve's RISK FREE reverse repurchase agreement program. Despite the Fed offering now $2 trillion in Treasury securities to the market the 'below-market' yields are signaling there's not enough money / credit / collateral / securities available -- a money shortage.

----EP. 243 REFERENCES----
RRP (use) Hits $2T, SOFR Like T-bills Below RRP (rate), What Is (really) Going On?: https://bit.ly/3GXNdIy
Alhambra Investments Blog: https://bit.ly/3wh01G2
RealClear Markets Essays: https://bit.ly/38tL5a7
Epoch Times Columns: https://bit.ly/39ESkRf

-------THE EPISODES-------
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---------THE TEAM---------
Jeff Snider, Head of Global Investment Research for Alhambra Investments. Master of ceremonies, Emil Kalinowski. Illustrations by David Parkins. Audio and video editor, Terence. Episode intro/outro music is "Cold War Games" by Gabriel Lewis.

------FIND THE TEAM-------
Jeff: https://twitter.com/JeffSnider_AIP
Jeff: https://alhambrapartners.com/author/jsnider/

Emil: https://twitter.com/EmilKalinowski
Emil: https://www.EuroDollarEnterprises.com

David: https://DavidParkins.com/
Terence: https://www.VisualFocusMedia.com

Gabriel Lewis: https://www.epidemicsound.com/artists/gabriel-lewis/
"Cold War Games": https://www.epidemicsound.com/track/LlVpmnVjWS/