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US TSYS/OVERNIGHT REPO: Overnight Reverse Repo Takeup Picks Back Up

US TSYS/OVERNIGHT REPO

Takeup of the Fed's overnight reverse repo facility continued to fluctuate Tuesday, rising $8.3B to $137.3B (after falling $7.3B prior and rising $7.0B two sessions ago).

  • The rise is not unexpected, as we had flagged ON RRP takeup could rise in line with large Treasury bill paydowns Tuesday, and this keeps takeup in recent ranges.
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Takeup of the Fed's overnight reverse repo facility continued to fluctuate Tuesday, rising $8.3B to $137.3B (after falling $7.3B prior and rising $7.0B two sessions ago).

  • The rise is not unexpected, as we had flagged ON RRP takeup could rise in line with large Treasury bill paydowns Tuesday, and this keeps takeup in recent ranges.
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