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RRP Usage Resumes Decline

FED
  • RRP usage drops to $1721B, down $50B having held steady at $1771B for two days prior on likely GSE-related flow.
  • It falls back to the $1725B averaged through Mon-Thu last week as part of its notable downtrend with the facility competing with high T-bill issuance.
  • The number of counterparties fell by 2 to 96.

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