TELETRADER News
5/23, 7:42 PM
(Source: TeleTrader)
Fed reverse repo volume tops $2T for the first time
Volume in the United States Federal Reserve's reverse repurchase operation surged above the $2 trillion mark on Monday to reach $2.045 trillion.
According to data from the New York Fed, the daily operation included 94 bidders.
Volume in the central lender's previous reverse repurchase operation on Friday climbed to $1.988 trillion, with 89 bids.