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RRP Uptake Pulls Back After Month-End Build

FED
  • RRP uptake retreated to $438bn today, a $96bn decline having ramped higher ahead of April’s month-end.
  • It’s the lowest since the $410bn on Apr 22 whilst it remains off mid-April’s recent low of $327bn.
  • The 69 counterparties is the lowest since Apr 19 and compares to the low of 62 on Apr 15.

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