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