Free Trial

US TSYS/OVERNIGHT REPO: ON RRP Takeup Pulls Back

US TSYS/OVERNIGHT REPO

Takeup of the NY Fed's overnight reverse repo facility fell $29B to $188.6B - the lowest level in 4 sessions. 

  • The pullback could be partly related to an unusually large bill settlement (as mentioned earlier, $50B cash management bill in addition to the usual bills).
  • Takeup is seen rising as usual toward end-month.

 

53 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Takeup of the NY Fed's overnight reverse repo facility fell $29B to $188.6B - the lowest level in 4 sessions. 

  • The pullback could be partly related to an unusually large bill settlement (as mentioned earlier, $50B cash management bill in addition to the usual bills).
  • Takeup is seen rising as usual toward end-month.