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RRP Edges Lower Prior To Likely Month-End Inflow

FED
  • RRP uptake fell back to $418bn today, a $13bn decline from Friday as it continued to decline in what looks like typical GSE seasonality.
  • It sees the lowest update since May 16 but remains off the Apr 15 low of $327bn.
  • This latest decline is likely to be reversed in the next few days as we approach month-end.
  • The number of counterparties fell to 71 from 79, to its lowest since May 6.
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  • RRP uptake fell back to $418bn today, a $13bn decline from Friday as it continued to decline in what looks like typical GSE seasonality.
  • It sees the lowest update since May 16 but remains off the Apr 15 low of $327bn.
  • This latest decline is likely to be reversed in the next few days as we approach month-end.
  • The number of counterparties fell to 71 from 79, to its lowest since May 6.