Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bloomberg Customers

Fed Funds Open at 0.15%, Within Fed’s Target Range, ICAP Says

Fed funds, the U.S. overnight inter-bank lending rate, opened at 0.15 percent, within the Federal Reserve’s target of zero to 0.25 percent.

Fed funds closed at 0.13 percent yesterday after trading from 0.1 percent to 0.15 percent and averaging 0.12 percent, ICAP Plc, the world’s largest inter-dealer broker, said in an e-mailed statement. ICAP’s monthly average is 0.13 percent.

The Federal Reserve Bank of New York will release its monthly schedule for its Treasury purchases and sales as part of the maturity extension program at 2 p.m. New York time. The purchases are part of the Fed’s program to replace $400 billion of short-term debt in its portfolio with longer-term Treasuries in an effort to reduce borrowing costs further.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.