Mainecat Posted September 20, 2019 Share Posted September 20, 2019 New York Fed to continue operations in overnight funding market until mid-October Source: CNBC The New York Federal Reserve will continue overnight repurchase operations through October as it seeks to quell market instability from earlier this week. Short-term rates in the “repo” market spiked overnight Monday amid a shortfall in funding stemming from a variety of factors. The Fed responded with a series of liquidity injections aimed at preventing further capital droughts. In an announcement Friday, the New York Fed said it will continue repo operations through Oct. 10. The process will involve three 14-day operations involving $30 billion as well as continued overnight operations of at least $75 billion each. The repo market provides banks the short-term funding they rely on to operate. Normally, the process works smoothly but liquidity shortfalls can gum up the works and, in the worst case, can cause financial crises. Read more: https://www.cnbc.com/2019/09/20/fed-repo-new-york-fed-to-conduct-operations-until-mid-october.html Also overnight Fed Adds $75 Billion to Financial System in Fourth Repo Transaction This Week that will be a total of a little over 1.8 trillion Quote Link to comment Share on other sites More sharing options...
Zambroski Posted September 20, 2019 Share Posted September 20, 2019 Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted September 21, 2019 Share Posted September 21, 2019 3 hours ago, Mainecat said: New York Fed to continue operations in overnight funding market until mid-October Source: CNBC The New York Federal Reserve will continue overnight repurchase operations through October as it seeks to quell market instability from earlier this week. Short-term rates in the “repo” market spiked overnight Monday amid a shortfall in funding stemming from a variety of factors. The Fed responded with a series of liquidity injections aimed at preventing further capital droughts. In an announcement Friday, the New York Fed said it will continue repo operations through Oct. 10. The process will involve three 14-day operations involving $30 billion as well as continued overnight operations of at least $75 billion each. The repo market provides banks the short-term funding they rely on to operate. Normally, the process works smoothly but liquidity shortfalls can gum up the works and, in the worst case, can cause financial crises. Read more: https://www.cnbc.com/2019/09/20/fed-repo-new-york-fed-to-conduct-operations-until-mid-october.html Also overnight Fed Adds $75 Billion to Financial System in Fourth Repo Transaction This Week that will be a total of a little over 1.8 trillion Trump's Market is awesome. Keep dropping interest rates, reversing his stand on tariffs and still it goes no where. What happens when he runs out of other peoples money to prop up the market? Quote Link to comment Share on other sites More sharing options...
Mainecat Posted September 21, 2019 Author Share Posted September 21, 2019 42 minutes ago, revkevsdi said: Trump's Market is awesome. Keep dropping interest rates, reversing his stand on tariffs and still it goes no where. What happens when he runs out of other peoples money to prop up the market? He thinks like his failed business he can file bankruptcy and renegotiate the debt. What a fuckin moron. Quote Link to comment Share on other sites More sharing options...
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