FED: RRP Uptake Unchanged From Friday Despite Estimated GSE Withdrawal
Jul-24 17:25By: Chris Harrison
- Reverse repo operation usage held exactly the same as Friday at $1771B with an unchanged 99 counterparties.
- Some had been looking for a continued step lower as cash from GSEs exited funding markets and with further heavy T-bill supply, although that could continue to emerge over the next couple days.
- As it is, usage continues to see a clear trend decline despite being $54B off the Jul 18 low of $1717B.
