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Reverse Repo Uptake Pushes Higher Despite Fewer Counterparties

FED
  • There were 9 fewer counterparties with a more typical 96 but that didn’t stop RRP uptake from increasing further ahead of the Christmas break, rising another $16B to $2.223T for an $88B increase in three days.
  • It remains the highest since Nov 9 after yesterday’s $48B jump, likely boosted by cash from GSEs.


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