09 Mar 2020 - Fed Statement Regarding Repo Operations

[kmiklas]

Beginning with today’s operation and through March 12, 2020, the Desk will increase the amount offered in daily overnight repo operations from at least $100 billion to at least $150 billion. In addition, the Desk will increase the amount offered in the two-week term repo operations on Tuesday, March 10, 2020 and Thursday, March 12, 2020 from at least $20 billion to at least $45 billion. (Ref 1)

...Fed pumping money in, enabling banks to buy new issues.

1. https://www.newyorkfed.org/markets/opolicy/operating_policy_200309