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FED Reverse Repo Operation: Usage Surged to Nearly $600B

US
  • RRP usage surged to nearly $600B today: $594.428B today vs. $518.357B on Wednesday. Compares to Friday, March 15 when usage fell to $413.877B - the lowest level since May 2021.
  • Meanwhile, the latest number of counterparties climbed to 90 vs. 83 yesterday (compares to 65 on January 16, the lowest since July 7, 2021)

NY Federal Reserve/MNI

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