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📈 Macroeconomics

Federal Reserve RRP Alert! Federated Hermes U.S. Treasury Cash Reserves is no longer a reverse repo counterparty, effective June 29

Per u/OldmanRepo (the definitive source on all things RRP):

They don’t use the RRP. Simply go through their monthly holding lists.

https://www.federatedinvestors.com/products/mutual-funds/us-treasury-cash-reserves/is.do

Go to characteristics and scroll down to their bimonthly holding list pdfs

This looks to be a nothing burger outside of there being one less counterparty. Not all bad though, as u/OldmanRepo showed us how we can dig into this further ourselves if anything else is announced in the future--the more we know, right?!? Thanks and I hope everyone has a great rest of the day!

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