Hi everyone, It’s me, TUB. I will like to thank all my readers, new and old, for staying with me. Special thanks goes out to uSMART Securities for sending me tasty new year bak kwa and auspicious red packets. May we huat (Hokkien for prosper) together this year! As you may or may not know, I have paying special attention to the Fed Reverse Repo agreement this year. Here are some key points to note.
Point 1: There is still US$2 trillion on the sideline.
Point 2: The Fed Reserve Repo has fluctuated quite drastically. I’ve made content trying to explain when they were at milestone values of US$2.3 trillion on 29 December 2022 (Link here) and US$2.5 trillion on 30 December 2022 (Post here). Now that it’s at US$2.17 trillion, I figured we’d make content about that too.
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Source: Yahoo Finance |
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