| Author | Source |
|---|---|
| u/HODLTheLineMyFriend |
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.
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/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’! 🚀🚀🚀