The Dynamics of the U.S. Overnight Triparty Repo Market

Posted: 18 Aug 2021

See all articles by Mark E. Paddrik

Mark E. Paddrik

Government of the United States of America - Office of Financial Research

Carlos A. Ramírez

Board of Governors of the Federal Reserve System

Matthew J. McCormick

Federal Reserve Banks - Federal Reserve Bank of Dallas

Date Written: August, 2021

Abstract

The overnight segment of the triparty repurchase agreement (repo) market plays a pivotal role in the normal functioning of the U.S. financial system by acting as an important source of secured short-term funding and supporting the liquidity of key fixed income markets, including U.S. Treasury and agency securities. This over-the-counter market accounts for over $1 trillion in daily transactions and provides a unique venue in which a diverse set of market participants invest their cash as well as obtain short-term funding.

Suggested Citation

Paddrik, Mark Endel and Ramírez, Carlos and McCormick, Matthew J., The Dynamics of the U.S. Overnight Triparty Repo Market (August, 2021). FEDS Notes No. 2021-08-02, Available at SSRN: https://ssrn.com/abstract=3906389 or http://dx.doi.org/10.17016/2380-7172.2948

Mark Endel Paddrik

Government of the United States of America - Office of Financial Research ( email )

717 14th Street, NW
Washington DC, DC 20005
United States

Carlos Ramírez

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

HOME PAGE: http://www.carlosrc.com/

Matthew J. McCormick (Contact Author)

Federal Reserve Banks - Federal Reserve Bank of Dallas ( email )

2200 North Pearl Street
PO Box 655906
Dallas, TX 75265-5906
United States

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