December 12, 2019 / 1:26 PM / a month ago

NY Fed accepts $19 bln in 14-day repo bids -NY Fed website

NEW YORK, Dec 12 (Reuters) - The New York Federal Reserve on Thursday accepted $19 billion in 14-day bids from primary dealers at a repurchase agreement (repo) operation, a move intended to keep the federal funds rate within the target range. (Reporting by Gertrude Chavez-Dreyfuss Editing by Chizu Nomiyama)

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