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"RRP Explosion": Fed Reverse Repo Soars To Third Highest With "Incredible Amount Of Cash"
Ahead of today's 1:15pm overnight Reverse Repo deadline we asked (for the second day in a row) if today was the day the repo market finally cracks, pushing the amount of reserves parked at the Fed to a new record above $500 billion.
And for the second day in a row, we were off, but we are getting warmed by the day: on Tuesday, the Fed revealed that the amount of overnight reserves parked at the Fed rose by another $38BN to $433BN (with 48 counteparties, down from 54 yesterday) from $394.9BN on Monday, which was the 3rd highest in history, up a whopping $190 billion in one week and the highest non-quarter end reverse repo usage ever!
https://www.zerohedge.com/markets/rrp-explosion-fed-reverse-repo-soars-third-highest-incredible-amount-cash
https://apps.newyorkfed.org/markets/autorates/temp
bonus article from today
Bets Against $357 Billion S&P 500 ETF Jump to Highest This Year
https://www.bnnbloomberg.ca/bets-against-357-billion-s-p-500-etf-jump-to-highest-this-year-1.1608347
>>47697 pb Federal Reserve Bank of New York Reverse Repo(s) April 8-23: $625.35B
>>49822 pb FRBNY Reverse Repo Operations April 26-30: $766.523B
>>51731 pb Federal Reserve Bank of New York Reverse Repo operations week of May 2nd, 2021-$757.09b
>>55522 pb Federal Reserve Bank of New York Reverse Repo Operations Week of May 16th-$1.46T
SEND46 US Navy E-6B Mercury out from Pax River and ne nao
As in return to SENDer
Royal Saudi AF RSF1010 Airbus A330 MRTT on approach for Dover AFB from Riyadh depart
>>56665 pb
82-8000 (mandrake) USAF 747 over Spooktown on cert flight
09-0017 USAF C-32A sticking close to JBA with some go arounds
>>56647 pb
XXXXXX USAF G5 KAF AC of interdast departed Quito, Ecuador after about 2 hours on the ground
Awkward Exchange: Netanyahu Trashes US Nuclear Talks With Iran In Front Of Blinken
Secretary of State Antony Blinken's Mideast trip where he first met with Israeli Prime Minister Benjamin Netanyahu in Jerusalem on Tuesday was supposed to focus on maintaining the Israel-Gaza truce and finding a lasting solution toward preventing a future flair up of violence.
However, an emboldened Netanyahu bluntly shared his thoughts on the impending restoration of the Iran nuclear deal while standing next to Blinken during the press conference that followed their meeting. As expected Netanyahu urged the US to stay away from the deal, forcing Blinken to quickly contradict the Israeli leader, leading to an awkward exchange among the close allies. It took a mere 90 seconds for Netanyahu to run through a few vague commitments related to the Gaza ceasefire before he turned to trashing the JCPOA nuclear deal as leaving the Jewish state open to possible annihilation by Iranian nukes..."I can tell you that I hope that the United States will not go back to the old JCPOA because we believe that that deal paves the way for Iran to have an arsenal of nuclear weapons with international legitimacy," Netanyahu asserted.
"We also reiterated that whatever happens, Israel will always reserve the right to defend itself against a regime committed to our destruction, committed to getting the weapons of mass destruction for that end," the Israeli prime minister added.
On the eve before meeting with Blinken, Netanyahu had told a meeting with top Mossad officers that he won't hesitate to take "courageous, independent" action should Israel assess that Iran is close to getting the bomb.
Netanyahu in front of Blinken:
The US should stay away from #Iran nuclear deal pic.twitter.com/uXJ2UFDDRw
— The Saudi Post - English (@TheSaudiPost_En) May 25, 2021
The Times of Israel details:
Speaking to Mossad officers this evening at an awards ceremony just hours before US Secretary of State Antony Blinken is set to arrive in the region for talks, Prime Minister Benjamin Netanyahu suggests Israel may take an "independent" tack on Iran. "I appreciate our friend the United States very much. It has stood by us for many years," Netanyahu says. "That’s a vital part of our national security."
"But," he adds, "there could come a situation where our principal goal — to ensure the ayatollahs don’t end the millennia-long existence of the Jewish people — demands that we make courageous and independent decisions. The State of Israel won’t allow Iran to acquire nuclear weapons."
However, Blinken confirmed the US is still moving ahead undeterred with attempts to restore the nuclear deal with Iran, at a moment the fifth and final round of talks in Vienna progress this week, which resumed Tuesday. Blinken said: "We’ll continue to strengthen all aspects of our longstanding partnership. And that includes consulting closely with Israel, as we did today, on the ongoing negotiations in Vienna around a potential return to the Iran nuclear agreement, at the same time as we continue to work together to counter Iran’s destabilizing actions in the region."
Blinken's itinerary which began Tuesday will not only include Jerusalem, but also Ramallah, Cairo and Amman - and through Thursday he plans to hold additional meetings with Palestinian Authority President Mahmoud Abbas, as well as Jordan’s King Abdullah and Egyptian President Abdel Fattah Al-Sisi.
https://www.zerohedge.com/geopolitical/awkward-exchange-netanyahu-trashes-us-nuclear-talks-iran-front-blinken
keep muh eye on it
>>56613 pb
SAM330 USAF G5 back to JBA from Portsmouth Int'l NH ground stop
Corn futures settle with a loss of nearly 6% on expectations for ample supplies
Corn futures on Tuesday settled nearly 6% lower, pressured by expectations for ample supplies, after a report from the U.S. Department of Agriculture said Monday that U.S. farmers in 18 states have planted 90% of their corn crops as of Sunday. That came in above the five-year average of 80%. The most-active July corn contract CN21, -5.55% fell 37 cents, or 5.6%, to settle at $6.20 1/4 a bushel in Chicago.
https://www.marketwatch.com/story/corn-futures-settle-with-a-loss-of-nearly-6-on-expectations-for-ample-supplies-2021-05-25
https://www.marketwatch.com/investing/future/CN21
'''Joe Biden to visit Tulsa to mark Tulsa ~~Race Massacre~~ False Flag centennial
Joe Biden will visit Tulsa on June 1 to mark the centennial of the Tulsa Race Massacre, according to the White House. Biden's visit will cap off a long weekend full of events, speakers and concerts to commemorate the 100th anniversary of the tragedy that marks one of the lowest points in Oklahoma history. Details of Biden's visit were not immediately available. Last week, voting rights activist and Georgia politician Stacey Abrams was announced as the keynote speaker at the "Remember & Rise" Tulsa Race Massacre Centennial commemoration event.
https://www.usatoday.com/story/news/politics/2021/05/25/biden-tulsa-race-massacre-centennial-anniversary-greenwood-district/7433389002/
ODIN98 USAF E-4B Nightwatch departed Dyess AFB, Abilene ne and west of Lincoln Muni Airport, NE at present
White House unveils plans for wind farm in the Pacific Ocean off California’s coast
The Biden Administration said Tuesday that it will develop offshore wind projects in the Pacific Ocean in partnership with the state of California.
The move, which is the first of its kind, is a key stepping stone toward the White House’s goal of deploying 30 gigawatts of offshore wind by 2030. The earmarked area encompasses around 399 square miles off California’s central coast. This area is projected to support 3 GW of offshore wind. Another potential location is off the northern coast of California. In total, the administration is targeting 4.6 GW of clean energy added to the grid through these projects, which is enough to power about 1.6 million homes. The announcement follows years of discussion between the Departments of the Interior and Defense as a viable location was scouted. “Developing offshore wind to produce clean, renewable energy could be a game changer to achieving California’s clean energy goals and addressing climate change – all while bolstering the economy and creating new jobs,” Governor Gavin Newsom said in a statement.
In addition to the environmental benefits, the Biden administration also highlighted the economic impacts, especially when it comes to jobs. “The offshore wind industry has the potential to create tens of thousands of good-paying union jobs across the nation, while combating the negative effects of climate change,” Deb Haaland, Secretary of the Interior said in a statement. “Interior is proud to be part of an all-of-government approach toward the Biden-Harris administration’s ambitious renewable energy goals,” she added. Tuesday’s announcement comes just weeks after the White House approved the first major offshore wind project in U.S. waters. The 800-megawatt Vineyard Wind project will be located off the coast of Massachusetts, powering 400,000 homes while creating 3,600 jobs, according to projections. Developing offshore wind in the Pacific Ocean has proved challenging in the past for a number of reasons, including that the outer continental shelf becomes deeper much faster than in the Atlantic. In an effort to counter this, the federal government has invested more than $100 million in advancing developments around floating offshore wind projects.
“Today’s announcement again demonstrates that by taking a whole-of-government approach, the U.S. can smartly develop our nation’s world-class offshore wind energy resources, deploy new technologies that our government has helped to advance, and create thousands of good-paying, union jobs,” said national climate advisor Gina McCarthy.
https://www.cnbc.com/2021/05/25/white-house-unveils-plans-for-wind-farm-in-the-pacific-ocean-off-californias-coast.html