Fed Reverse Repo Soars To Record $1.35 Trillion After Fed Doubles Counterparty Limit

• Fed Reverse Repo Soars To Record $1.35 Trillion After Fed Doubles Counterparty Limit
  by Tyler Durden, https://www.zerohedge.com/
  Early this morning, one day after the Fed doubled the counterparty limit for reverse repo usage from $80 billion to $160 billion, Wrightson ICAP predicted that usage on the Fed’s overnight Reverse Repo facility would surge.
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  According to the interdealer broker, GSEs have been the only RRP countrparties constrained by the previous $80 billion limit, adding that the the low level of overnight GC repo rates which have frequently dipped below IOER in recent days (orange line below), reflects the fact that “some of the float associated with this month’s UMBS principal and interest payments had to be invested in the repo market
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