New York Fed Adds $25.8 Billion to Financial Markets

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The Federal Reserve Bank of New York added $25.8 billion in liquidity to financial markets Friday.

The central bank added the money in the form of a two-day repurchase agreement, or repo, operation. Federal Reserve repo interventions take in Treasury and mortgage securities from eligible banks in what is effectively a short-term loan of central-bank cash, collateralized by the securities.

The…

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