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FED Reverse Repo Operation

US
  • NY Fed reverse repo usage falls $37B to $2192B, moving further from the recent high of Thursday’s $2272B, as expected with GSE cash exiting with those outflows in theory now finished for the month. It’s down from the record month-end surge of $2330B on Jun 30.
  • Consistent with that seasonal pattern, the number of counterparties dipped from 101 to 100 although still above the mid-to-high-90s the prior week.

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