Discover and read the best of Twitter Threads about #RRP
Most recents (5)
1/3) In a call with the #Polish Minister for the #EU Szymon Szynkowski vel Sęk, we continued our discussions to ensure that Polish legislation is in compliance with the commitments made under the Recovery and Resilience Plan concerning #judicial independence. #Poland 
(2/3) The new draft law on the #judiciary tabled by the Polish government in December 2022 (shorturl.at/fnvFQ) is a promising step forward to achieve compliance with the commitments under the Polish #RRP
Many questions surrounding the Fed's Reverse Repurchase Agreement ( #RRP ). The ability to raise rates and address inflation has little to do with the #FOMC announcement every 6 weeks and more to do with this program. As one can see almost $2 #trillion is in this program.
As Paul Harvey would say, here is "the rest of the story" Could the #RRP been designed to stop Treasury-Bill ( T-bill ) rates from going negative or keep upward pressure on yields due to a shortage of available t-bills.
Basically having RRP as another form of savings, this removes the normal market pressure of excess funds from T-bill paydowns seeking fewer and fewer T-bills (keeping rates artificially lower).
What is going on in the #treasury market? 10 year treasury just hit 1.13%. Yet my fair value model has it at 1.75% (incorporates Copper/Gold and other ratios - r2 of 90%+) #bonds #yields #YieldCurve
Yet, the #ISM Manufacturing PMI is still in a highly expansionary state at 59.1
What did saying the Fed continues to put downward pressure on long end yields via “socializing” money markets mean? Combo of standing 5bps RRP rate (was always zero) & increase of IOER to 15bps. ON repo yield EXCEEDS 3MO bills. #FED #REPO #RRP #SOFR cont…
…now MM funds have no incentive to buy bills in the free market due to standing 5bps floor. On the other side w/the IOER ceiling set @ 15bps T1 banks have built in perpetual 5bps arb borrowing @ 10bps in FF market & earning 15bps on IOER. #FED #IOER #EFFR
…I also think most would be surprised how strong the interest in RRP has become since the new rate was instituted, as well as just how many counterparties beyond T1 banks have access to the window (see current list) newyorkfed.org/markets/rrp_co… #FED #REPO #RRP
#idboardreview 20 M HIV CD4 200 VL undetected on ART has hoarseness for 2months now presents w/ dyspnea, inspiratory wheezing, tracheal obstruction w/rosettes. Diagnosis? #idmedEd #medEd #IDtwitter
Recurrent respiratory papillomatosis (RRP) is a rare cause of benign tumors of the respiratory tract caused by #HPV. involves larynx & trachea, but rarely can spread distally to affect bronchi & lung parenchyma
