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RRP Usage Falls Despite Month End

  • RRP usage fell back to $888B (-$26B) after the $44B rise off the recent lows of $866-873B seen Fri-Tue for lows since July 2021.
  • It’s a particularly low figure considering month-end usually sees temporary inflows.
  • Indeed, the number of counterparties increased from 91 to 95, but that compares with the 100 counterparties for $1,138B for October month-end.

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