Centrally cleared repo market brief

Statestreet in centrallyclearedrepomarket highway hero v2

Through innovative and flexible cash investment and financing solutions, we provide both our custody and third-party clients access to the Fixed Income Clearing Corporation (FICC) sponsored repo platform.

Given the interconnectivity between repo markets, monetary policy and macroeconomic trends, we want to help you stay up to date on what’s happening in the market with a specific focus on the rapidly growing sponsored segment. With views on recent market trends and what to expect in the future, our quarterly briefs give you the insight you need to unlock the benefits of centrally cleared repo.

July 2024

Highlights from this quarter

  • Overall front-end bias lingers and MMF balances remain elevated despite seasonal disruptions.
  • Intra-quarter volatility put upward pressure on rates, particularly around month-ends, and continued the flow of balances from the Fed RRP and into FICC Sponsored Repo.
  • Market sentiment skewed hawkish for most of the period until quarter-end data suggested that the fight against inflation may be reaching an end.

Stay updated

Please send me State Street’s latest Insights.