End-of-month outflows intensify, overnight repo rate opens stronger at 3.69%, U.S. Treasury financing pressure persists
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
- The overnight general collateral repo rate opened on Friday up 3 basis points to a buyer quote of 3.69%, mainly driven by settlement of the reissuance of 2-year floating-rate notes and 10-year Treasury Inflation-Protected Securities, resulting in about $43 billion in cash outflows.
- Settlement of 2-year, 5-year, and 7-year Treasuries on Monday will bring another approximately $68 billion outflow, with around $16 billion in Treasury bill settlement outflows on Tuesday; therefore, the overnight rate is unlikely to see a significant drop.
- The repo rate is expected to range between 3.69% and 3.64%. After afternoon repo operations, the overnight rate may stabilize near 3.70% before Monday's settlement. If it breaks below 3.64%, the 10-day average starting level of 3.55% will become the support level.
- Except for the 3-year tenor, premiums for Treasuries of all other maturities range from 6 to 14 basis points, reflecting extensive use of hedging due to falling prices. Federal funds futures show a 94% probability that the Federal Reserve will not hike rates at the June meeting.
- Short-term overnight index swap pricing indicates a 33% probability of a 25 basis point rate hike within the next 90 days. SOFR futures remain narrowly volatile and are unaffected by the 1.7% drop in spot oil prices.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now！
You may also like
Sempra's LNG Unit Signs 20-Year LNG Supply Deal With Petrobras
MT newswire•2026/09/15 08:21
EcoGraf analysis ranks Epanko graphite project first-quartile on revenue-to-cost benchmark
Reuters•2026/09/15 08:20
XRP Price Saved as It Bounces Over $1.3
UToday•2026/09/15 08:15
Corteva Rejects Bid by State Attorneys General to Block Corporate Separation
MT newswire•2026/09/15 08:15
Crypto prices
More
Bitcoin
BTC
$76,815.33
-1.25%
Ethereum
ETH
$2,472.44
-2.01%
Tether USDt
USDT
$0.9996
+0.00%
BNB
BNB
$714.76
-1.34%
XRP
XRP
$1.39
+0.07%
USDC
USDC
$0.9999
+0.01%
Solana
SOL
$100.32
-1.16%
TRON
TRX
$0.3376
-0.48%
Hyperliquid
HYPE
$78.64
-1.44%
Zcash
ZEC
$1,140.08
+0.11%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now