February 27, 2020 / 1:23 PM / a month ago

New York Fed accepts $25 bln in bids submitted at 14-day repo operation

BOSTON, Feb 27 (Reuters) - The New York Federal Reserve said it accepted $25 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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