February 5, 2020 / 1:37 PM / 11 days ago

NY Fed accepts $47.5 bln overnight repo bids - NY Fed website

BOSTON, Feb 5 (Reuters) - The New York Federal Reserve said it accepted $47.5 billion in overnight bids from primary dealers in a repurchase agreement (repo) operation, a move intended to keep the federal funds rate within its target range. (Reporting by Ross Kerber editing by Louise Heavens)

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