US MMFs invested more in riskier repo trades in December

Year-end surge also occurred in 2017 and 2019

US money market funds (MMFs) scaled up their investments in repo trades collateralised by non-government-backed assets over the fourth quarter. As of end-December, $60.2 billion such trades were outstanding, the most since end-February and up 11% on end-November.

Trades collateralised by assets other than US Treasuries and US government agency bonds fell sharply from end-February to end-March in the wake of the coronavirus crisis. Volumes stayed flat at around the $52 billion mark, but started

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here