Reported 2 months ago
The New York Federal Reserve reported its reverse repurchase agreement participation fell to $316.246 billion on Monday, the lowest level since May 2021, down from $338.473 billion on Friday. Analysts indicate that investors may have shifted funds to the overnight repo market instead, as selling risk assets typically leads investors to seek cash investments. This trend appears linked to recent Treasury rallies, which prompted increased market funding needs and a preference for private repos over reverse repos.
Source: YAHOO