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welcome everyone to another episode of mere Finance we are going to talk about something unusual that is going on in the market so the reverse repo is it signaling drama lets see lets find out but dont forget to subscribe first so you can see the one month is practically yielding 80 bips below the effective fed funds rates as of yesterday you can see that this is from treasury direct 4.08 was the yield to maturity for the one month so effective Federal fund rates is at 4.83 and the one month treasury sits around 4.8 08 so 80 beeps and why I would think there is a reverse repo issue so those that dont have access to the reverse repo purchasing facility are stuck with treasury bills basically every organization that is not a bank so Pension funds asset managers endowments is where they Park their short-term capital so the treasury right now cannot issue as much bills due to the debt ceiling agreement which still has to pass in in Congress so theres a high demand and a low supply for