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New York Fed to bring new repo operations, change maturities of purchases

The central bank will offer $500 billion in a three-month repo operation at 1:30 pm eastern Thursday

Reuters 

US Federal Reserve
The central bank will offer $500 billion in a three-month repo operation at 1:30 pm eastern Thursday

The Federal Reserve Bank of New York said it will introduce new repo operations and start purchasing a range of maturities as part of it's monthly Treasury purchases.

The central bank will offer $500 billion in a three-month repo operation at 1:30 pm eastern Thursday. On Friday, the Fed will offer an additional $500 billion in one-month repo.

First Published: Thu, March 12 2020. 22:58 IST
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