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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free Access*** NY Fed announces adjustment in repo.........>
FED: *** NY Fed announces adjustment in repo operations, "intended to ensure
that the supply of reserves remains ample and to mitigate the risk of money
market pressures that could adversely affect policy implementation".
- Beginning today and through March 12, will increase daily overnight repo size
from 'at least $100bln to at least $150 billion', with 2-week term repo size
from at least $20bln to at least $45bln.
- Term repo especially had been getting squeezed going into this week, big rise
in oversubscriptions in last couple of ops (over $70bln in each of the two
operations last week, vs $20bln offered).
- Link to full announcement here:
https://www.newyorkfed.org/markets/opolicy/operating_policy_200309
To read the full story
Sign up now for free trial access to this content.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.