Fed Reverse Repo Liabilities in 2011
Fed Reverse Repo Liabilities opened 2011 at 57,555 and closed at 88,674, a +54.07% move for the year. The high of 124,512 was reached on November 2, and the low of 52,620 on January 26.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 57,555 | 52,620 | 57,555 | 52,620 | -8.57% |
| Feb | 57,902 | 59,484 | 59,484 | 56,022 | +2.73% |
| Mar | 62,461 | 65,811 | 65,811 | 55,947 | +5.36% |
| Apr | 54,622 | 57,031 | 57,031 | 54,022 | +4.41% |
| May | 56,973 | 54,181 | 57,426 | 54,181 | -4.90% |
| Jun | 59,937 | 66,607 | 68,179 | 59,767 | +11.13% |
| Jul | 67,527 | 67,004 | 67,527 | 64,695 | -0.77% |
| Aug | 68,623 | 104,544 | 104,544 | 68,623 | +52.35% |
| Sep | 102,756 | 82,815 | 102,756 | 82,815 | -19.41% |
| Oct | 82,828 | 81,316 | 82,828 | 73,484 | -1.83% |
| Nov | 124,512 | 92,968 | 124,512 | 84,779 | -25.33% |
| Dec | 85,198 | 88,674 | 90,070 | 82,472 | +4.08% |
Events During 2011
S&P stripped the United States of its AAA credit rating on August 5, 2011, the first time in history. Markets whipsawed as the debt ceiling fight showed political risk could reprice government creditworthiness.
Greece's debt revelation in October 2009 triggered a multi-year eurozone crisis that threatened the euro's survival. Greece, Ireland, Portugal, Spain, and Italy required emergency support. Mario Draghi's "whatever it takes" in 2012 ended the acute phase.
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