4 ms·

First, it's been at 500 or so for a few weeks this is a substantial jump. The previous high record was $589 on the 14th. This has never been this high. But mor

First, it's been at 500 or so for a few weeks this is a substantial jump. The previous high record was $589 on the 14th. This has never been this high. But more than likely you need to understand what Reverse Repo is and why it impacts all of us. Here's a great ELI5 On Reddit. https://www.reddit.com/r/investing/comments/1ixbwf/eli5_repos_reverse_repos_bonds_how_they_correlate/ https://www.reddit.com/r/investing/comments/1ixbwf/eli5_repo... TLDR: More inflation and shakey times ahead.

eightysixfour 5y ago
The jump is substantial because the Fed raised the interest rate on overnight reverse repos from 0% to .05%, so the demand skyrocketed.
- izend 5y ago
  Note you are off by a magnitude: "as it raised the rate on its overnight Reverse Repo facility from 0% to 0.05%"
  - onlyrealcuzzo 5y ago
    That is an annualized rate, right?!
  - eightysixfour 5y ago
    Thanks, I've edited it.