Welcome to Wrightson ICAP
Wrightson ICAP specializes in the analysis of Federal Reserve operations and policy, Treasury financing trends and high-frequency economic data. A Wrightson subscription provides access to an extensive set of research and commentary delivered through our website and optional daily emails. Offerings include:
- overnight commentary and intraday updates for the day’s agenda and economic releases
- daily in-depth coverage of Treasury financing operations
- our weekly newsletter, The Money Market Observer – a fixture in the bond market since 1978
- daily coverage of the fed funds market and the Federal Reserve’s open market operations
A subscription also includes access to our chief economist, Lou Crandall, and his staff for questions and discussion.
Our audience includes portfolio managers and traders in the money, bond and currency markets, as well as economists, strategists and central bank officials around the world.
In The Money Market Observer for May 12, 2008
- Interest on reserves
- Benefits under ordinary market conditions
- Payments on all reserve balances or just excess reserves?
- Interest rate would normally hover below the funds rate target
- Interest on reserves as a crisis response
- Useful short-term expedient as a transition tool
- Not helpful as a way of sterilizing a permanent expansion of the Fed's balance sheet
Chart of the Day
