Overview
- On December 31, eligible firms tapped $74.6 billion from the New York Fed’s Standing Repo Facility, surpassing the prior single-day peak of $50.35 billion on October 31.
- The borrowing was backed by $43.1 billion in mortgage-backed securities and $31.5 billion in Treasuries, an unusual collateral mix that drew scrutiny.
- A day earlier, the Fed supplied $16 billion via overnight repos, bringing December repo Treasury purchases to about $40.32 billion.
- China’s central bank added 1.02 trillion yuan in seven-day reverse repos on December 31 after a 312.5 billion yuan injection the previous day.
- Analysts expect the funding demand to fade as reporting-period effects pass, though the scale and timing keep central-bank liquidity tools in focus for early 2026.