Friday, April 27, 2007

UPDATE 1-Fed drains reserves via 3-day reverse repos

(Reuters) - The Fed accepted Treasuries at a stop-out rate of 5.14 percent for the latest reverse repo operation.

On Wednesday, it conducted its first reverse repo, formerly known as a matched sale, since 2004. That removed $5.25 billion in bank reserves temporarily.


Read more at Reuters.com Bonds News

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