November 21, 2019 / 1:25 PM / 16 days ago

NY Fed accepts $29.2 bln in 14-day repo bids

NEW YORK, Nov 21 (Reuters) - The New York Federal Reserve on Thursday accepted $29.2 billion in bids from primary dealers at a 14-day repurchase agreement (repo) operation, a move intended to help maintain the federal funds rate within the target range.

On Tuesday, the Fed accepted $24.143 billion in 14-day repo bids. (Reporting by Gertrude Chavez-Dreyfuss; Editing by Toby Chopra)

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