November 21, 2024 18:54 GMT
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.
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