Fed Doubles Reverse Repo Counterparty Limit To $160 Billion

As we previewed back in August when we said that the Fed may soon have to raise reverse repo limits, with usage on the Fed's facility rising every day, moments after we learned that the Reverse repo hit a new all time high of $1.283 trillion, the Fed announced that it would double its reverse repo counterparty rate from $80 billion to $160 billion as the large counterparties are now hitting the limit on how much repos they can park at the Fed.

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