Benign RRP-Reserve Dynamic May Last Through Year-End

As noted here last week, not all market participants have reason to concern themselves with the MMF-RRP-T-bill-reserve nexus. It's a somewhat esoteric discussion. I wouldn't call it "irrelevant" for everyday people, but I would submit that for the vast majority of investors, staying apprised of the latest developments on this front isn't the best use of time, unless you're simply interested in arcana for the sake of it. As a quick aside, I wouldn't be where I am today (and sometimes I'm not en