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Another All-Time High For Overnight Reverse Repo Usage

FED

Overnight reverse repo usage rose $32.0B to a fresh high of $534.9B today, with 54 counterparties involved. That's the 4th consecutive day of all time highs. Continued high takeup will almost certainly be a question for Fed Chair Powell at next Wednesday's FOMC press conference, though the downward pressure on market rates may not yet be enough to force the Fed to adjust administered rates.


Source: Fed, MNI

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