March 3, 2020 / 1:27 PM / a month ago

NY Fed accepts $20 bln bids at 14-day repo operation -NY Fed website

NEW YORK, March 3 (Reuters) - The New York Federal Reserve on Tuesday accepted $20 billion of the $70.95 billion in 14-day bids from primary dealers submitted at a repurchase agreement (repo) operation aimed at maintaining the federal funds rate within the target range. (Reporting by Gertrude Chavez-Dreyfuss, editing by Louise Heavens)

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