January 21, 2020 / 2:11 PM / a month ago

NY Fed accepts $58.626 billion in overnight repo bids: NY Fed website

NEW YORK (Reuters) - The New York Federal Reserve on Tuesday accepted $58.626 billion in overnight bids from primary dealers in a repurchase agreement (repo) operation meant to keep the federal funds rate within the target range.

The U.S. overnight repo rate on Tuesday was 1.57% USONRP= before the repo operation, versus Friday’s 1.59%.

Financial markets were closed on Monday for the Martin Luther King, Jr. Holiday.

Reporting by Gertrude Chavez-Dreyfuss; Editing by Alison Williams

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below