New York Fed Accepts $415.3 Billion in Overnight Reverse Repo Facility, 72 Counterparties Involved in Record Borrowing, High Short-Term Demand

The New York Fed accepted $415.3 billion in an overnight reverse repo facility on July 8, with 72 counterparties participating. This record borrowing indicates high demand for short-term borrowing in financial markets. Additionally, the ECB saw significant borrowing and bond purchases on subsequent days.