Fed Unveils $365 Billion In Term Repos, Other ‘Bells And Whistles’ To Smooth Year-End

Fed Unveils $365 Billion In Term Repos, Other ‘Bells And Whistles’ To Smooth Year-End

The Fed will conduct $365 billion in term repos from December 16 through late January, the new schedule, released on Thursday afternoon shows. There's a $50 billion 32-day operation set for Monday, followed by a series of 13-, 14- and 15-day actions, all earmarked for at least $35 billion. Swap spreads widened on the news. In addition to the term ops, the new plan includes the usual $120 billion overnight operations set for December 13 through December 30 and January 3 through January 14. Ther
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