Fed Reverse Repo Liabilities in 2012
Fed Reverse Repo Liabilities opened 2012 at 88,111 and closed at 99,853, a +13.33% move for the year. The high of 102,444 was reached on December 12, and the low of 83,227 on March 28.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 88,111 | 88,715 | 91,093 | 84,632 | +0.69% |
| Feb | 83,873 | 87,553 | 89,824 | 83,873 | +4.39% |
| Mar | 86,429 | 83,227 | 99,250 | 83,227 | -3.70% |
| Apr | 83,351 | 92,447 | 92,447 | 83,351 | +10.91% |
| May | 90,336 | 93,526 | 93,575 | 87,779 | +3.53% |
| Jun | 88,861 | 83,737 | 88,861 | 83,419 | -5.77% |
| Jul | 87,963 | 87,501 | 89,689 | 87,501 | -0.53% |
| Aug | 89,806 | 92,651 | 93,713 | 89,806 | +3.17% |
| Sep | 89,848 | 89,536 | 93,969 | 89,536 | -0.35% |
| Oct | 87,263 | 99,748 | 101,307 | 87,263 | +14.31% |
| Nov | 92,980 | 93,230 | 93,736 | 92,980 | +0.27% |
| Dec | 96,318 | 99,853 | 102,444 | 96,318 | +3.67% |
Events During 2012
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.
ECB President Mario Draghi's July 26, 2012 speech in London ended the acute eurozone crisis. The commitment, backed by Outright Monetary Transactions, arrested peripheral yield spikes without buying a single bond.
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