US overnight repo rate rises as year end approaches
ReutersDec 30, 2024 7:23 PM
NEW YORK, Dec 30 (Reuters) - The U.S. overnight repurchase rate rose on Monday due in part to funding tightness associated with year-end liquidity activities.
The overnight repo rate measures the cost of borrowing short-term cash using Treasuries or other debt securities as collateral.
On Monday, the repo rate rose to 4.85% USONRP=, according to LSEG data, compared with 4.6% on Friday. Monday's repo rate matched the level last seen on Nov. 21.
(Reporting by Gertrude Chavez-Dreyfuss; Editing by Chris Reese)
((gertrude.chavez@thomsonreuters.com; 646-301-4124))
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