On Monday, the US Federal Reserve's reverse repo facility saw its lowest inflows in nearly three years at $327.1bn, a decline of $80.2bn from Friday.

The US Federal Reserve's reverse repo facility, which accepts cash from money market funds, saw its lowest inflows in nearly three years at $327.1bn on Monday, a decline of $80.2bn from Friday. This is linked to the deadline for US tax returns and a crucial settlement date for Treasury debt auctions, while the Fed continues to remove liquidity from the financial system by reducing its bond holdings.