Home Bonds News NY Fed accepts $52.63 billion overnight repo bids

NY Fed accepts $52.63 billion overnight repo bids

by FxFinanceStockNews


BOSTON (Reuters) – The New York Federal Reserve said it accepted $52.63 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 Kevin Liffey



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