November 22, 2024 18:57 GMT
US TSYS/OVERNIGHT REPO: Partial Bounceback In ON RRP Takeup
US TSYS/OVERNIGHT REPO
Takeup of the Fed's overnight reverse repo facility partially rebounded Friday from Thursday's drop, rising $15.7B to $204.3B after a prior $29.2B fall.
- The latter was likely induced by flows out of ON RRP into bills Thursday amid unusually large bill settlements.
- ON RRP takeup is expected to remain relatively steady until picking up at end-month.
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