January 23, 2020 / 1:52 PM / a month ago

NY Fed accepts all $30 billion repo bids: NY Fed website

NEW YORK (Reuters) - The New York Federal Reserve on Thursday accepted all $30.0 billion 14-day bids from primary dealers at a repurchase agreement (repo) operation, a move intended to keep the federal funds rate within the target range.

Reporting by Gertrude Chavez-Dreyfuss; Editing by Alex Richardson

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