January 24, 2020 / 1:45 PM / 23 days ago

NY Fed accepts all $55.3 bln in three-day repo bids -NY Fed website

NEW YORK, Jan 24 (Reuters) - The New York Federal Reserve on Friday accepted all $55.3 billion in three-day bids from primary dealers at a repurchase agreement (repo) operation, aimed at maintaining the federal funds rate within the target range. (Reporting by Gertrude Chavez-Dreyfuss; Editing by Alex Richardson)

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