The Dig

The Dig

The Fed continues to intervene in the repurchase market

What's up with that?

Francine McKenna
Nov 03, 2019
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One of the opinion writers at Market Watch wrote late last week that the Fed is in “stealth” intervention mode after the Fed injected $99.9 billion in temporary liquidity into the financial system and $7.5 billion in permanent reserves as part of a program to buy $60 billion a month in Treasury bills.

But market demand for overnight repo operations far …

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