October 24, 2019 / 12:31 PM / a month ago

NY Fed accepts $45 bln for 14-day repo operation

Oct 24 (Reuters) - The New York Federal Reserve on Thursday accepted $45.00 billion in bids from $62.15 billion submitted by primary dealers at a 14-day repurchase agreement (repo) operation.

The New York Fed accepted $34.26 billion of $47.55 billion sumbitted in repo backed by Treasuries. It accepted $10.74 billion of $14.60 billion in repo backed by mortgage-backed securities. No agency debt was submitted for the operation. (Reporting by Karen Brettell; editing by David Clarke)

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