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Reverse Repo Usage Lowest Since Sep 21 FOMC

FED
  • Usage falls back to $2,253B, still historically elevated but the lowest amount since the Sep 21 FOMC decision pushed the rate to 3.05%.
  • It follows three consecutive new record highs heading into Friday’s quarter-end of $2,426B, whilst the number of counterparties falls back to a more typical 102 from 108.

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