December 18, 2024 18:24 GMT
US TSYS/OVERNIGHT REPO: ON RRP Takeup Rebounds For 2nd Session
US TSYS/OVERNIGHT REPO
Takeup of the Fed's overnight reverse repo facility rose for a 2nd consecutive day Wednesday, up $13.6B to $131.7B. That retraces most of the ~$70B fall in takeup between Dec 11 and Dec 16 when it hit a post-pandemic low just above $110B. The drop was seen as largely reflecting a large Treasury settlement, with ON RRP takeup seen retracing to pre-December levels ($140-200B) through the rest of this week and into next.

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