Federal Reserve news

NY Fed RRP op demand at USD 1.79bln (prev. 10.42bln) across 18 counterparties (prev. 8)

Newsquawk Staff ·

NY Fed RRP op demand at USD 1.79bln (prev. 10.42bln) across 18 counterparties (prev. 8)

What it means

The decline in NY Fed RRP operation demand from $10.42 billion to $1.79 billion indicates significantly reduced liquidity preference among counterparties, with participation increasing slightly from 8 to 18. This shift may reflect improved market conditions or a change in perception regarding short-term funding needs, which could influence rates and risk sentiment, particularly in the fixed income space.

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