NEW YORK (Reuters) - The U.S. Federal Reserve awarded $186.28 billion in fixed-rate reverse repurchase agreements on Friday, the highest amount in more than four weeks, due to strong investor demand for ultra short-dated, risk-free assets at month-end.
The central bank has been testing them as a tool to drain cash from the financial system to achieve their interest rate target when it decides to tighten monetary policy.
At Friday's operation, the Fed paid 72 bidders including Wall Street firms, money market funds and mortgage finance agencies an interest rate of 0.05 percent for them to borrow its Treasuries holdings until Monday.
This was the highest amount of fixed-rate reverse repos, commonly referred as RRPs, the Fed awarded since the $212.48 billion to 53 bidders on Oct. 1.
On Thursday, the Fed awarded $142.24 billion RRPs to 47 bidders at an interest rate of 0.05 percent.
(Reporting by Richard Leong; editing by Andrew Hay)
Relacionados
- La Catedral de Valencia utiliza por primera vez el texto de la misa del Santo Cáliz aprobado por la Santa Sede
- El Arzobispado propondrá un camino de peregrinaje hasta el Santo Grial en Valencia de fuerte carácter religioso
- Las autoridades dominicanas identifican al autor del fuego en el metro de Santo Domingo
- Se desploma el falso techo de un bar en Santo Domingo tras un incendio sin que ocurran desgracias personales
- CaixaBank participará en la subasta de Banco Espírito Santo a través de BPI