US MMFs’ cleared repos top half-a-trillion dollars

- By Lorenzo Migliorato
- 20 May 2024

Central clearing of reverse repos by US money market funds (MMFs) has held above half-a-trillion dollars for the past two months, evidence of a growing momentum ahead of mandatory clearing of US Treasury transactions scheduled to take effect in two years.

Volumes funnelled through the Fixed Income Clearing Corporation (FICC) topped $517.3 billion, data from the Office of Financial Research (OFR)

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