NY Fed RRP op demand at 3.34bln (prev. 3.51bln) across 12 counterparties (prev. 16)

The demand for the NY Fed's Reverse Repo Program (RRP) has dipped to $3.34 billion from the previous $3.51 billion, indicating a slight reduction in liquidity absorption as fewer counterparties participated (12 vs.

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NY Fed RRP op demand at 3.34bln (prev. 3.51bln) across 12 counterparties (prev. 16)

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16). This change could suggest a shift in market liquidity preferences or a potential easing in cash strain among banks, which might influence short-term interest rates and the broader fixed income market.

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