Reverse Repo has ~$71B left until it is fully drained. QT continues unabated.
The question that remains is whether this will cause a September 2019-like overnight rate spasm that forces the Fed to step in with extraordinary measures or whether the structural changes they've made over the last 5+ years will work. If the reverse repo market drains without any rate spasms, QT will move its focus to bank balance sheets.
Something to pay attention to.
The question that remains is whether this will cause a September 2019-like overnight rate spasm that forces the Fed to step in with extraordinary measures or whether the structural changes they've made over the last 5+ years will work. If the reverse repo market drains without any rate spasms, QT will move its focus to bank balance sheets.
Something to pay attention to.
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