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FRED chart: Overnight Reverse Repurchase Agreements (RRPONTSYD)
ON RRP outstanding. Spiked above $2T in 2022–23, then drained as T-bill yields rose in 2024–25.
Chart-led research

The Reverse Repo Trap: How the Fed Quietly Controls Liquidity & Markets

A deep dive into the Federal Reserve’s overnight reverse repo facility — why trillions parked at the Fed aren't “normal,” how it secretly tightens liquidity, affects Treasury auctions, impacts markets, and signals syste…

Context
62% relevance · 15 cited sources · 2 assets
Updated
Nov 9, 2025
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