(Reuters) – The Federal Reserve Bank of New York said it will introduce new repo operations and start purchasing a range of maturities as part of it’s monthly Treasury purchases.
The central bank will offer $500 billion in a three-month repo operation at 1:30 pm eastern Thursday. On Friday, the Fed will offer an additional $500 billion in one-month repo.
Read more about the Fed’s operations here:
https://www.newyorkfed.org/markets/opolicy/operating_policy_200312a
(Reporting by Jonnelle Marte)
