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NY Fed says will conduct.....>

US TSYS/OVERNIGHT REPO
US TSYS/OVERNIGHT REPO: NY Fed says will conduct an additional O/N repo op
today: "will conduct an additional overnight repurchase agreement (repo)
operation for same-day settlement today from 1:30 PM ET to 1:45 PM ET. This repo
operation will be conducted for up to an aggregate offered amount of $500
billion with a minimum bid rate of 0.10 percent. All previously planned repo
operations will be conducted as scheduled."
- For context, O/N repo rates have been all over the place today... last at
1.25% (and traded above 2%). Fed clearly really seeing the strain.

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