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RRP Usage Drops Back Near Recent Lows

  • RRP usage fell $37B to $1,114B today after increasing $68B yesterday.
  • The number of counterparties fell back to 97 having spiked to 108.
  • Usage is off recent lows of $1,082B from Monday but has still fallen by a significant $340B from this time last month. It’s at levels last seen in Sep’21.

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