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U.S. Fed awards more reverse repos after rate hike
December 15, 2016 / 6:26 PM / 10 months ago

U.S. Fed awards more reverse repos after rate hike

NEW YORK, Dec 15 (Reuters) - The Federal Reserve on Thursday awarded $199.65 billion in one-day repurchase agreements at an interest rate of 0.50 percent to 53 bidders, a day after it raised short-term rates by a quarter point.

On Wednesday, the central bank allotted $169.56 billion in one-day reverse repos to 47 money market funds, mortgage finance agencies and other qualified participants at an interest rate of 0.25 percent. (Reporting by Richard Leong; Editing by Chris Reese)

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