U.S. repo rate rises ahead of Fed operations

NEW YORK (Reuters) - The interest rate on U.S. overnight repurchase agreements ticked higher early Tuesday in advance of two operations to be conducted by the New York Federal Reserve which may add up to $105 billion in temporary cash in the U.S. banking system.

The overnight repurchase agreement (repo) rate was last quoted at 2.00%-2.08%, compared with 1.95% late on Monday, according to Refinitiv data.

(Reporting by Richard Leong; Editing by Raissa Kasolowsky)

Must Read

Home Depot rides housing boom to record sales, profit

Aug 16, 2016

Home Depot posted record sales and earnings during its second quarter and raised its profit expectations for the year as housing market continues to warm up

Are France's burkini bans sexist, or liberating?

Aug 17, 2016

Male officials are dictating what women can wear on French beaches _ and people across a wide swath of French society say that's a good thing

Fed minutes: Conditions could 'soon warrant' a rate hike

Aug 17, 2016

Fed minutes: Conditions could 'soon warrant' rate hike, as near-term risks have diminished

Search

Obserworld delivers the most accurate and up-to-date world news for the global audience with a thorough research and in-depth interviews. Discover the world through Obserworld.

Contact us: sales[at]obserworld.com