Discussion Paper

What Happened in Money Markets in September 2019?


Abstract: In mid-September 2019, overnight money market rates spiked and exhibited significant volatility, amid a large drop in reserves due to the corporate tax date and increases in net Treasury issuance.

https://doi.org/10.17016/2380-7172.2527

Access Documents

Authors

Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2020-02-27

Number: 2020-02-27