January 16, 2020 / 1:53 PM / 5 days ago

NY Fed accepts $39.35 bln overnight repo bids

BOSTON, Jan 16 (Reuters) - The New York Federal Reserve said it accepted $39.35 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 Jason Neely)

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