Interest rates on overnight general collateral repurchase agreements are expected to rise as mid-month coupon rate auctions and quarterly corporate income tax payments take more capital out of the market next Monday. According to ICAP data, the GC RAP interest rate was initially between 4.33%-4.32%, respectively, and buyers also held that rate. According to data from Curvature Securities, the GC RAP interest rate was as low as 4.27% on Thursday, then rose to an intraday high of 4.40%, and finally closed at 4.37%. According to ICAP data, interest rates for general collateral repurchase agreements overnight on Monday were 4.36% and 4.37%-4.36%, respectively.

Interest rates on overnight general collateral repurchase agreements are expected to rise as mid-month coupon rate auctions and quarterly corporate income tax payments take more capital out of the market next Monday. According to ICAP data, the GC RAP interest rate was initially between 4.33%-4.32%, respectively, and buyers also held that rate. According to data from Curvature Securities, the GC RAP interest rate was as low as 4.27% on Thursday, then rose to an intraday high of 4.40%, and finally closed at 4.37%. According to ICAP data, interest rates for general collateral repurchase agreements overnight on Monday were 4.36% and 4.37%-4.36%, respectively.