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NY Fed to conduct third repo operation tomorrow

Sep. 18, 2019 4:30 PM ETBy: Liz Kiesche, SA News Editor8 Comments
  • For the third day in a row, the Federal Reserve of New York will conduct an overnight repurchase agreement operation tomorrow for up to $75B.
  • The operation will start at 8:15 AM ET and close at 8:30 AM ET on Sept. 19, 2019 in order to help maintain the federal funds rate within the target range of 1.75%-2.00%.
  • Securities eligible as collateral in the repo include Treasury, agency debt, and agency mortgage-backed securities.

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