NY Fed accepts $72.8 billion overnight repo bids

[December 06, 2019]  BOSTON (Reuters) - The New York Federal Reserve on Friday accepted $72.8 billion in overnight bids from primary dealers in a repurchase agreement (repo) operation, a move intended to keep the federal funds rate within the target range.

Friday's accepted bids were down from Thursday's total of $78.7 billion.

(Reporting by Ross Kerber; Editing by David Goodman)

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