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Reverse Repo Operation

FED
  • Fed Reverse Repo Facility usage ticks up further from $2.189T to $2.207T which staying below the latest month-end boost of $2.251B from Aug 31.
  • BofA last week noted they see bank funding competition and an uptick in money markets supply as draining the RRP in the beginning of 2023.
  • The number of counterparties holds steady at 103.

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