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FED: RRP Level Falls To One-Month Low

FED

Takeup of the NY Fed's overnight reverse repo facility fell to $291B Thursday, down $46B.

  • That is the lowest level since the 3+ year low of $286.7B set on August 7.
  • The operation saw just 59 counterparties - down 5 from Wednesday, and the lowest since Aug 8.

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