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RRP Usage Near Unchanged Despite Jump In Counterparties

FED
  • RRP usage was near unchanged today at $838B (-$1B) for still close to last week’s average of $829B.The recent low still stands at $769B on Dec 1.
  • The mostly flat move on the day is despite the number of counterparties jumping from 82 (a joint low that was last lower in Apr-2022) to 97 (highest since Nov 22).

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