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A comment on U.S. Fed reverse repo volume hits record $1T. Parent comment

Re:U.S. Fed reverse repo volume hits record $1T by tru3_power on Friday July 30, 2021 @06:05PM (#28012994)
Why exactly is the 2nd price higher? What purpose does that serve/what does it signal?
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Re:U.S. Fed reverse repo volume hits record $1T by skzv on Saturday July 31, 2021 @03:12AM (#28016079)
I think it incentivizes banks to buy the securities from the Fed (to hold overnight). Otherwise why bother?
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