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Thursday, June 24, 2021

Fed reverse repo facility use hits at record at $502.9 billion

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Huge repo demand

The latest fixed-rate reverse repo operation had 59 counterparties and the take down was more than a half-trillion.

The money goes to Fed overnight and it surpasses the prior record of $497.4B, which was set a day ago.

These numbers have absolutely soared this year from close to nothing to $50 billion in April to ten times that now. It’s a sign of incredible demand for dollar funding and overwhelming amounts of dollars in the system.

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