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FED Reverse Repo Operation

US
  • RRP usage bounces back up to $496.245B from $446.978B on Tuesday, potentially driven by influx of GSE flows. Slight delay, Wrightson had expected a $60B increase on Monday but only $27B materialized before $6B gain on Tuesday. Last Friday saw usage fall to $413.877B - the lowest level since May 2021.
  • Meanwhile, the latest number of counterparties climbs to 78 vs. 70 yesterday (compares to 65 on January 16, the lowest since July 7, 2021).

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