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

FICC-routed transactions increased 52% in the 12 months to April

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) shows, marking a 16.8% increase since the start of the year and representing the highest end-month

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 or view our subscription options here:

You are currently unable to copy this content. Please contact 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 View our subscription options

You need to sign in to use this feature. If you don’t have a 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