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FED Reverse Repo Operation: Tax Deadline Spurs New Low Usage

US
  • RRP usage falls well below $400B for the first time since mid-May 2021 to $327.066B vs. $407.322B last Friday, desks citing today's Federal tax deadline for the drop.
  • Meanwhile, the latest number of counterparties falls to new low of 62 vs. 65 Friday.

NY Federal Reserve/MNI

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  • RRP usage falls well below $400B for the first time since mid-May 2021 to $327.066B vs. $407.322B last Friday, desks citing today's Federal tax deadline for the drop.
  • Meanwhile, the latest number of counterparties falls to new low of 62 vs. 65 Friday.

NY Federal Reserve/MNI