May 24, 2024 18:39 GMT
RRP Usage Falls On Typical GSE Seasonality
FED
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- RRP usage fell $36bn to $431bn, following the $29bn decline yesterday as GSE cash leaves funding markets.
- The $431bn takes it to its lowest since May 16 and remains off the Apr 15 low of $327bn.
- The number of counterparties was unchanged on the day at 79.
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