Skip to content
Subscriber Only

Fed Bows to Market Demand for Repo by Boosting Size of Actions

  • Term action to be $60 billion, overnight offering $100 billion
  • New York Fed is ‘trying to be aggressive,’ BMO’s Hill says
Video player cover image
What Recent Repo Operations Signal About the Fed's Balance Sheet
Updated on

The Federal Reserve Bank of New York is yielding to demand for repurchase-agreement operations by boosting the size of its offerings as rates remain elevated ahead of the end of the quarter.

The move comes as the former head of the branch’s markets group on Wednesday praised the organization’s “deep bench” of talent and noted its effective implementation of Federal Open Market Committee policy.