February 13, 2020 / 1:50 PM / 4 days ago

NY Fed accepts $48.85 bln overnight repo bids

BOSTON, Feb 13 (Reuters) - The New York Federal Reserve said it accepted $48.85 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)

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