5/23, 7:42 PM (Source: TeleTrader)
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Fed reverse repo volume tops $2T for the first time

Volume in the United States Federal Reserve's reverse repurchase operation surged above the $2 trillion mark on Monday to reach $2.045 trillion.

According to data from the New York Fed, the daily operation included 94 bidders.

Volume in the central lender's previous reverse repurchase operation on Friday climbed to $1.988 trillion, with 89 bids.

Baha Breaking News (BBN) / BU