for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Financials

NY Fed accepts $71.04 bln in overnight repo bids

Nov 5 (Reuters) - The New York Federal Reserve on Tuesday accepted all $71.04 billion in bids from primary dealers at a repurchase agreement (repo) operation, a move intended to help maintain the federal funds rate within the target range.

Tuesday’s amount was slightly lower than the $77.58 billion in repos awarded on Monday.

The U.S. overnight repo rate was last at 1.65%. (Reporting By Karen Brettell)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up