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U.S. Fed awards most reverse repos since January
March 22, 2017 / 5:52 PM / 8 months ago

U.S. Fed awards most reverse repos since January

NEW YORK, March 22 (Reuters) - The Federal Reserve on Wednesday awarded $251.01 billion in one-day repurchase agreements at an interest rate of 0.75 percent to 66 bidders, which was the highest amount since $266.47 billion on Jan. 4, the New York Federal Reserve said.

On Tuesday, the central bank allotted $237.33 billion in one-day reverse repos to 57 money market funds, mortgage finance agencies and other qualified participants at an interest rate of 0.75 percent. (Reporting by Richard Leong; Editing by Chizu Nomiyama)

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