Fed to undertake $25 bln TSLF auction on Thursday
NEW YORK, July 23 (Reuters) - The U.S. Federal Reserve will undertake a $25 billion, 28-day Term Securities Lending Facility (TSLF) auction on Thursday, accepting Schedule 1 collateral from primary dealers in exchange for Treasuries.
The New York Fed website announced on Wednesday that dealers can lend out the Treasuries in exchange for short-term cash loans in the U.S. repurchase market, to help shore up balance sheets that have been depleted by the credit crisis. (For more details click here)
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Green Shoots / Brown Weeds
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