#RMP #eSLR In recent days, the macro market has been discussing two things:
Monthly reserve management purchases (RMP) of around 15 to 45 billion dollars;
New regulations on eSLR (Enhanced Leverage Ratio) coming into effect from 2026.
The Federal Reserve and regulatory agencies are using 'balance sheet + regulation' to provide greater 'pipelines' for U.S. Treasury and banking systems, enabling this high-debt era to operate a bit longer and more steadily.
First, let’s clarify the background: What is the Federal Reserve doing?
1.1 What are QT and QE?