Eligible firms parked $395bn at Fed at ZERO interest on Mon, highest level since Jun2017. Fed offici

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Eligible firms parked $395bn at Fed at ZERO interest on Mon, highest level since Jun2017. Fed officials do not see reverse repo as sign of distress. Market participants say reverse repo interest is driven by excess cash seeking parking place in a money mkt of rock bottom returns. h/t Holger Zschaepitz

Eligible firms parked $395bn at Fed at ZERO interest on Mon, highest level since Jun2017. Fed offici

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