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A Second Limited Increase In O/N RRP

FED
  • The Fed’s O/N RRP saw uptake of $447.0bn in today’s operation.
  • It’s a daily increase of only $6bn for a limited $33bn compared to Friday’s new recent lows, relatively small compared to some estimates of potential GSE inflows at this time of the month.
  • The number of counterparties held steady at 70, still at the low end of recent readings.

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