Demand for Fed Reverse Repo Surges to New High Amid Cash Glut (Overnight Reverse Repos Surged To New High For Third Consecutive Day)

by confoundedinterest17 I call this the “Great Slosh.” (Bloomberg) — Usage at the Federal Reserve’s facility for overnight reverse repurchase agreements Wednesday surged to a new record high for a third consecutive day. Seventy-three participants took $813.6 billion, which exceeded Tuesday’s all-time high of $791.6 billion …

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