In accordance with the FOMC Directive issued September 18, 2019, the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York will conduct an overnight repurchase agreement (repo) operation from 8:15 AM ET to 8:30 AM ET tomorrow, Friday, September 20, 2019, in order to help maintain the federal funds rate within the target range of 1-3/4 to 2 percent.
–Federal Reserve Bank of New York
Meanwhile, if you haven’t already, my extended take on this is here. And of course, you can stay ahead of the crowd and follow this soap opera with in depth reports 6-7 times a month at Lee Adler’s Liquidity Trader.
Show Me The Money Jerry! Here’s Why Fed TOMO Repos Will Be a Feature Not a Bug
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