May 28, 2024 17:29 GMT
RRP Edges Lower Prior To Likely Month-End Inflow
FED
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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.
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