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US TSYS/OVERNIGHT REPO: ON RRP Usage Close To Recent Lows

US TSYS/OVERNIGHT REPO
  • Take-up of the Fed's overnight reverse repo facility fell more notably today, down $38bn to $149bn for close to new recent lows of $144bn from Nov 5.
  • The number of counterparties fell from 57 to 51 for lows since Nov 15.
  • ON RRP take-up is expected to pick up at end-month.
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  • Take-up of the Fed's overnight reverse repo facility fell more notably today, down $38bn to $149bn for close to new recent lows of $144bn from Nov 5.
  • The number of counterparties fell from 57 to 51 for lows since Nov 15.
  • ON RRP take-up is expected to pick up at end-month.