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RRP Usage Starts To Show More Of A Decline, Lowest Since March 16

FED
  • RRP uptake has started to show a bit more of a decline, with today’s -$52B from yesterday is the largest daily decline since Jun 1 after month-end build up, whilst the overall level of $2.075T is the lowest since Mar 16.
  • The number of counterparties edged 1 lower to 105 after rising by 4 yesterday.

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