Burne’s Take: No RIP Yet for the RRP
With surging Treasury issuance, rising trade tensions and turbulence in emerging markets, there are other higher-yielding places for investors to park their money.
Cash flowing into the Federal Reserve’s reverse-repurchase program has slowed to a trickle as an abundance of higher-yielding alternatives, including Treasury bills, floods the market. But don’t expect the central bank to kill it any time soon.