April 15, 2024 17:30 GMT
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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