FRED:RRPONTSYAWARD
Overnight Reverse Repurchase Agreements Award Rate: Treasury Securities Sold by the Federal Reserve in the Temporary Open Market Operations
Top chart shows the RRP yield and US01MY.
Bottom view shows the RRP.
The theory is that, if the RRP yield is attractive, money will flow into the RRP from bills.
When RRP increases, Net Liquidity decreases. (Dowwward pressure in the market.)
Bottom view shows the RRP.
The theory is that, if the RRP yield is attractive, money will flow into the RRP from bills.
When RRP increases, Net Liquidity decreases. (Dowwward pressure in the market.)