March 18, 2020 / 12:45 PM / 2 months ago

NY Fed accepts $85.8 bln overnight repo bids

BOSTON, March 18 (Reuters) - The New York Federal Reserve said it accepted $85.8 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 Chizu Nomiyama)

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