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RRP Uptake Still Sees Little Post FOMC Lift

FED
  • RRP uptake nudged just $5B higher to $2,223B today, keeping to a relatively tight range so far this month of $2207B-$2267B as it stabilizes after typical month-end flows despite another kick higher in the rate after last week’s FOMC decision.
  • The increase came despite the number of counterparties falling by 4 to 100 for the lowest since Apr 26.

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