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FED Reverse Repo Operation: New Cycle Low

US
  • RRP usage falls to the lowest level since mid-2021 today: $503.548B vs. $615.379B yesterday. Compares to prior low of $557.687B on Thursday, January 25.
  • Meanwhile, the number of counterparties falls to 74 from 82 Wednesday (compares to 65 on January 16, the lowest since July 7, 2021).

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