At its usual 9:30 am New York time, intervention time, the Fed awarded $12 billion at its overnight repurchase agreement.
But just saw this: The U.S. Federal Reserve said on Thursday it added $17 billion of temporary reserves to the banking system through 14-day repurchase agreements, in two separate actions.
14 days is very unusal for repo's
My first thot is that the normal 1 and 3 day repos cause too much volatility
What they did last week and what is happening this week was a pretty easy call IMO
But just saw this: The U.S. Federal Reserve said on Thursday it added $17 billion of temporary reserves to the banking system through 14-day repurchase agreements, in two separate actions.
14 days is very unusal for repo's
My first thot is that the normal 1 and 3 day repos cause too much volatility
What they did last week and what is happening this week was a pretty easy call IMO
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