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FED Reverse Repo Operation Falls to New Lows

US
  • RRP usage falls to the lowest level since May 2021 today: $441.265B vs. $502.074B Thursday. Today's drop compares to prior low of $493.065B on February 15 -- was the lowest since early June 2021 .
  • Meanwhile, the latest number of counterparties slips to 73 from 83 Thursday (compares to 65 on January 16, the lowest since July 7, 2021).

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