October 16, 2024 17:25 GMT
US TSYS/OVERNIGHT REPO: O/N Reverse Repo Takeup Declines Further Below $300B
US TSYS/OVERNIGHT REPO
Takeup of the NY Fed's overnight reverse repo facility fell for a 2nd consecutive session Wednesday, to $272.0B vs $286.4B prior.
- Tuesday's fall below $300B (for the first time in a month) had been anticipated due to higher coupon settlements increasing demand for overnight financing.
- No significant pickup in ON RRP usage is seen until toward month-end - see chart for September's pattern.
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