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Derby’s Take: Fed’s Reverse Repos Having Their Day in the Sun

by Bioreports
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Demand continues to surge for a Federal Reserve facility offering what the central bank calls reverse repos.

On Thursday, 48 firms parked $351 billion at the central bank’s reverse repo facility, the biggest amount so far this year. Money flowing into the reverse repo, or RRP, tool is also above the levels of spring of last year, a time of massive market dislocation.

Reverse…

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