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US TSYS/OVERNIGHT REPO: Overnight Reverse Repo Takeup Dips

US TSYS/OVERNIGHT REPO

Overnight reverse repo facility takeup dipped by $4.6B to $73.2B Wednesday, a retracement from Tuesday's $19.0B jump but still higher vs the month's multi-year low of $58.8B set last week. 

  • Takeup is expected to remain relatively steady until late next week, at which time it would be unsurprising to see it rise above $100B for the first time in February amid month-end dynamics.
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Overnight reverse repo facility takeup dipped by $4.6B to $73.2B Wednesday, a retracement from Tuesday's $19.0B jump but still higher vs the month's multi-year low of $58.8B set last week. 

  • Takeup is expected to remain relatively steady until late next week, at which time it would be unsurprising to see it rise above $100B for the first time in February amid month-end dynamics.
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