January 16, 2020 / 1:39 PM / a day ago

NY Fed accepts $34.8 billion in 14-day repo bids

BOSTON (Reuters) - The New York Federal Reserve said it accepted $34.8 billion in bids submitted by primary dealers in a 14-day repurchase agreement operation, a move intended to keep the federal funds rate within its target range.

Reporting by Ross Kerber; Editing by Alex Richardson

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