INSANEMODE/wikAPEdia
1
0
Fork 0
mirror of https://github.com/verymeticulous/wikAPEdia.git synced 2025-06-08 02:47:50 -05:00
Code Issues Projects Releases Wiki Activity

Create 2021-05-25-Reverse-Repo-Overnight-Lending-at-433-Billion-Dollars.md

Browse Source
This commit is contained in:
verymeticulous 2021-06-26 09:55:18 -04:00
parent 75da32f218
commit f2b290d2ce
1 changed files with 25 additions and 0 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

25
Reverse-Repo-Operations/2021-05-25-Reverse-Repo-Overnight-Lending-at-433-Billion-Dollars.md Normal file
View File

@ -0,0 +1,25 @@
Reverse Repo Overnight Lending - Update for Tue May 25 2021
===========================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/HODLTheLineMyFriend](https://www.reddit.com/user/HODLTheLineMyFriend/) | [Reddit](https://www.reddit.com/r/DDintoGME/comments/nkvezs/reverse_repo_overnight_lending_update_for_tue_may/) |
---
[𝗦𝗽𝗲𝗰𝘂𝗹𝗮𝘁𝗶𝗼𝗻](https://www.reddit.com/r/DDintoGME/search?q=flair_name%3A%22%F0%9D%97%A6%F0%9D%97%BD%F0%9D%97%B2%F0%9D%97%B0%F0%9D%98%82%F0%9D%97%B9%F0%9D%97%AE%F0%9D%98%81%F0%9D%97%B6%F0%9D%97%BC%F0%9D%97%BB%22&restrict_sr=1)
NY Fed just released the latest number at 1:16pm ET: $432.9B. Shocked Pikachu, it's higher! It is almost exactly tracking the curve I plotted yesterday. I played with a few other function types and the closest match is still a polynomial, but now an order 2 with R-squared of 0.918, up from 0.885 yesterday.
Still looking to hit $500B by week's end. HOWEVER, according to other DD, reverse repo is not limited at that number, but individual participants are limited to $80B of Treasury borrowing per night, so if there are a few banks that are being big hogs at the trough, they may hit that limit soon.
[![r/DDintoGME - Reverse Repo Overnight Lending - Update for Tue May 25 2021](https://preview.redd.it/3t5wew58za171.png?width=877&format=png&auto=webp&s=0038afb01919581bd0c653f9776c3f717d3ea4c7)](https://preview.redd.it/3t5wew58za171.png?width=877&format=png&auto=webp&s=0038afb01919581bd0c653f9776c3f717d3ea4c7)
One more thing (doing my best Columbo impersonation): there have been local dips in this number every Monday: 5/10, 5/17, 5/24. No idea why that would happen except maybe reverse repo peaks mid-week? In any event, it might hit $500B before Friday if this week is like the last two.
Yesterday's chart: <https://www.reddit.com/r/DDintoGME/comments/nk9979/reverse_repo_overnight_lending_will_hit_the_upper/>\
Fed Repo data: <https://apps.newyorkfed.org/markets/autorates/temp>\
Some great DD on the true limit of the reverse repo by [u/BlindasBalls](https://www.reddit.com/u/BlindasBalls/): <https://www.reddit.com/r/DDintoGME/comments/nkmoi9/response_to_the_post_about_the_reverse_repo_limit/>\
Helpful/hilarious post on the Reverse Repo situation: <https://www.reddit.com/r/Superstonk/comments/nixxvc/fed_is_in_a_pickle_economy_is_fuk_edition/?utm_source=share&utm_medium=ios_app&utm_name=iossmf>:
Keep on HODLin'! 🚀🚀🚀