Dismal's Smacks

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📈 Macroeconomics

Reverse repo counterparties list updated: Farm Credit Bank of Texas, Credit Suisse AG, New York Branch, and Schwab US Treasury Money Fund have been added to the list of reverse repo counterparties, effective August 8, 2023

Given the sub tracks RRP numbers daily, I thought there may be interest who is eligible to use the facility. Reddit Post

BTFP usage UP AGAIN ($106.684B vs $105.078B on 7/26), the 9th consecutive week over $100B. This looks more and more like there's an over-reliance on Fed Funding--growing faster than inflation 'should be,' I believe the BTFP is a moral hazard!

BTFP usage UP AGAIN ($106.684B vs $105.078B on 7/26), the 9th consecutive week over $100B. This looks more and more like there's an over-reliance on Fed Funding--growing faster than inflation 'should be,' I believe the BTFP is a moral hazard!

Good afternoon Superstonk, HAPPY almost Friday! Borrowing from the Bank Term Funding Program hit a NEW all time high--the 9th consecutive week above $100 billion! What we are monitoring: 1. Bank Term Funding Program (BTFP) 2. Discount Window/Primary Credit 3. "Other Credit Extensions" I hope to shed

Since the introduction of the Supplementary Leverage Ratio in 2018, most of the top six U.S. bank holding companies have kept SLRs over the 5% mark.

However, recent trends show these ratios nearing the minimum 5% requirement, as total assets rise faster than Tier 1 capital. Supplementary Leverage Ratio: Source: Board of Governors of the Federal Reserve System, Consolidated Financial Statements for Holding Companies (Form FR Y-9C) Total Leverage Exposure: Note: Total leverage exposure is the

S&P Global: U.S. corporate bankruptcies rise this year rise to second-highest level since 2010. July ranked as the second-worst month of 2023 (so far).

US corporate bankruptcies rose again in July as high interest rates and a challenging operating environment continue to push US companies over the brink. S&P Global Market Intelligence recorded 64 corporate bankruptcy filings in July, the largest monthly total since March and more filings than in any single

rate hike

Inflation Alert! Bank of England raises interest rates to highest level since the Great Financial Crisis.

Highlights: * The BoE decided to raise the Bank Rate by 0.25 percentage points to 5.25% with a 6-3 vote. * New projections assume the Bank Rate will peak at just over 6% and average just under 5.5% over the next three years. * Economic growth has been steady, but

Fitch Downgrades the United States' Long-Term Ratings to 'AA+' from 'AAA'. "A mild recession is anticipated in late 2023 and early 2024."

Fitch Downgrades the United States' Long-Term Ratings to 'AA+' from 'AAA'. "A mild recession is anticipated in late 2023 and early 2024."

Yellen in response: “I strongly disagree with Fitch Ratings’ decision. The change by Fitch Ratings announced today is arbitrary and based on outdated data." https://www.fitchratings.com/research/sovereigns/fitch-downgrades-united-states-long-term-ratings-to-aa-from-aaa-outlook-stable-01-08-2023 https://home.treasury.gov/news/press-releases/jy1665 Fitch Ratings has downgraded the United States of America's

$1.859 trillion is what Treasury expects to borrow the rest of the year. For the 3rd quarter, Treasury expects to borrow $1.007 trillion in privately-held net marketable debt. For the 4th quarter Treasury expects to borrow $852 billion.

Source: https://home.treasury.gov/news/press-releases/jy1662 The U.S. Department of the Treasury today announced its current estimates of privately-held net marketable borrowing[1]for the July – September 2023 and October – December 2023 quarters. During the July – September 2023 quarter, Treasury expects to borrow $1.007 trillion in