US MMFs clear record one-third of repos via FICC

- By Lorenzo Migliorato
- 30 Jan 2025

US money market funds (MMFs) accessed the Fixed Income Clearing Corporation (FICC) to clear a record 33% of their repo investments as of end-2024, the culmination of a pivot in the latter half of the year that highlights the growing prominence of the sponsored-access model.

MMFs’ repo assets climbed to an all-time high of $864.7 billion in December, having grown in every month except one since

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