The RRP is once again the most attractive option for “risk free” income-generating USD assets after the Fed decided hike rates another 25bps last week.

Meanwhile, deposits continue to tumble. Further rate hikes risk exacerbating this trend.

For more in-depth thoughts on how this places out, see our latest Markets report, “Avoiding the Real Banking Iceberg”.

https://members.delphidigital.io/reports/avoiding-the-real-banking-iceberg#the-tip-of-the-iceberg