Increased demand for repo funding was putting upward pressure on CORRA https://www.bankofcanada.ca/?p=237614 Net outstanding repo (dealer to all clients; reverse repo less repo; overnight, regular and term) (left scale) Lynx balances (left scale) CORRA spread to target (right scale) 23.37196.003.00 24.12192.002.00 20.66191.002.00 19.89186.001.00 20.52185.000.00 17.21187.000.00 18.79186.000.00 18.45184.000.00 18.81185.000.00 19.42182.000.00 22.56179.000.00 22.04179.000.00 22.82183.000.00 23.20182.000.00 25.30185.000.00 24.28186.000.00 25.21186.001.00 23.83185.001.00 23.49184.001.00 21.34191.001.00 19.24191.001.00 21.54190.001.00 23.58206.001.00 23.73207.001.00 23.98198.001.00 22.78192.001.00 26.74192.001.00 29.19195.001.00 28.71198.001.00 27.80195.001.00 29.72195.001.00 30.70194.001.00 31.66191.001.00 34.29195.000.00 33.66193.000.00 32.64199.000.00 34.44199.000.00 32.33201.000.00 32.00206.000.00 33.99203.000.00 34.38201.000.00 31.72210.000.00 37.11205.000.00 33.25188.000.00 33.60185.000.00 33.02185.000.00 32.59186.000.00 29.66189.000.00 28.77189.000.00 28.78188.000.00 28.08188.000.00 24.87184.000.00 25.41189.000.00 28.22183.000.00 26.42186.000.00 25.41188.000.00 28.55184.000.00 28.04187.000.00 27.46183.000.00 27.58185.000.00 28.11185.000.00 29.60188.000.00 31.90193.000.00 31.37205.000.00 29.64210.000.00 32.85207.000.00 34.48199.000.00 30.78200.000.00 32.50196.000.00 33.65190.000.00 31.25196.000.00 29.69193.000.00 31.52195.000.00 34.91198.000.00 34.77193.000.00 33.86195.000.00 35.00197.000.00 38.16196.000.00 37.26195.000.00 35.72194.000.00 34.11196.000.00 36.21191.000.00 36.96185.000.00 33.38197.000.00 32.56189.000.00 28.24182.000.00 31.11178.000.00 33.06179.000.00 33.72178.000.00 33.92183.000.00 32.54183.000.00 33.70183.000.00 32.80178.000.00 30.54176.000.00 27.09178.000.00 28.21180.000.00 27.49181.000.00 26.89180.000.00 29.69180.000.00 29.75180.000.00 25.81174.000.00 29.23171.000.00 28.14172.000.00 29.00173.000.00 31.39172.000.00 26.69186.000.00 27.56180.000.00 27.05166.000.00 26.84165.000.00 27.61164.000.00 28.30172.000.00 27.11176.000.00 30.82169.000.00 29.93165.000.00 27.63164.000.00 25.30166.000.00 25.62170.000.00 28.21167.000.00 26.27169.000.00 25.76173.000.00 25.22171.000.00 23.91170.000.00 25.54164.000.00 21.97165.000.00 21.28170.000.00 23.68169.000.00 24.90171.000.00 25.56174.000.00 24.72174.000.00 29.10165.000.00 29.26157.000.00 34.43159.000.00 34.57160.000.00 32.20159.000.00 35.71160.000.00 39.10164.000.00 38.95167.000.00 40.54169.000.00 37.44172.000.00 36.20171.000.00 42.24170.001.00 44.33170.000.00 42.55169.000.00 41.39167.000.00 41.30171.000.00 41.30174.000.00 42.00170.000.00 38.56178.000.00 40.19175.000.00 41.38167.000.00 44.78162.000.00 42.86156.000.00 40.64158.000.00 42.44157.000.00 41.30158.000.00 41.88157.000.00 40.30155.000.00 36.79161.000.00 36.94157.000.00 37.46164.000.00 39.41158.002.00 40.13157.002.00 37.98157.001.00 38.04157.002.00 42.27156.001.00 43.33150.002.00 39.63154.001.00 38.01158.001.00 37.08149.001.00 32.08159.001.00 37.13159.001.00 35.83152.001.00 33.64151.001.00 32.41151.000.00 34.41150.001.00 33.22148.000.00 33.13146.000.00 33.32147.001.00 32.09146.000.00 32.36149.000.00 39.06144.000.00 39.23148.000.00 37.61150.000.00 41.95150.001.00 40.51149.001.00 41.13148.002.00 41.61154.002.00 41.88155.001.00 44.14148.002.00 43.08149.000.00 41.02146.000.00 42.30144.000.00 47.05134.001.00 42.91135.001.00 43.11133.002.00 38.58132.003.00 39.36130.003.00 38.63134.001.00 41.57133.003.00 39.68135.004.00 40.18136.004.00 39.89137.004.00 41.36134.004.00 42.95135.004.00 43.16134.004.00 42.69137.004.00 41.82147.004.00 41.10148.004.00 39.88148.005.00 41.39154.004.00 38.71151.002.00 36.77143.005.00 36.10138.004.00 39.55137.004.00 39.26137.004.00 38.59138.004.00 38.47132.004.00 42.12131.004.00 46.94131.004.00 46.94134.002.00 50.54127.002.00 52.89135.001.00 52.16137.002.00 53.40138.003.00 56.79142.005.00 59.22143.004.00 59.86142.004.00 59.33146.002.00 54.28146.002.00 59.11145.002.00 58.20143.002.00 61.39141.002.00 61.21133.002.00 60.73131.002.00 46.59133.003.00 46.74132.003.00 45.57133.003.00 47.33130.004.00 50.12126.003.00 48.11128.004.00 50.17122.004.00 46.61122.004.00 47.66120.004.00 46.56126.004.00 48.26132.004.00 51.19127.004.00 52.70123.003.00 53.64124.005.00 51.90121.006.00 55.19123.005.00 58.23122.005.00 58.53115.004.00 59.83115.004.00 58.37120.003.00 57.66122.003.00 52.36116.003.00 51.54114.003.00 51.44110.005.00 52.83107.005.00 50.90110.005.00 50.18109.005.00 48.41114.004.00 51.34113.005.00 52.79112.005.00 55.64114.005.00 54.49109.005.00 53.32110.005.00 55.00108.005.00 51.30106.005.00 52.85107.005.00 51.61111.005.00