Friday, April 27, 2007

CORRECTED - Fed drains reserves via 3-day reverse repos

(Reuters) - Fed funds traded at 5.25 percent, the Fed's target for the benchmark overnight lending rate, at the time of the operation.

For further details on the operation, see http://www.ny.frb.org/markets/omo/dmm/temp.cfm


Read more at Reuters.com Bonds News

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