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FED Reverse Repo Operation Reverses Course

US
  • After climbing back over $1T last Friday, RRP usage collapses back near mid-December lows with $704.064B vs. $1,018.483B on Friday. Latest level compares December 15 when usage fell to the lowest level since mid-June 2021: $683.254B.
  • The number of counterparties falls to the lowest level since early April 2022 with 78 vs. 102 in the prior session.

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