Repo Crisis Looms: Fed's Reverse Repo Usage Soars To $351BN, Fifth Highest Ever
May 20th 2021 2:10pm EDT
Repo Crisis Looms: Fed’s Reverse Repo Usage Soars To $351BN, Fifth Highest Ever As expected, today’s overnight reverse repo facility usage soared above $300 billion, surging $57BN from $293BN on Wednesday to a whopping $351BN as 48 counterparties parked their reserves with the Fed in exchange for a 0.000% rate. The surge in usage pushed […]
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