Dealers Rebuff NY Fed as It Urges Use of Facility to Ease Strain
Bond traders have pushed back against Federal Reserve officials urging them to use a key borrowing facility, complicating the central bank’s efforts to ease strains in the $12 trillion market...
By Alex Harris · Bloomberg Markets
Bond traders have pushed back against Federal Reserve officials urging them to use a key borrowing facility, complicating the central bank’s efforts to ease strains in the $12 trillion market for repurchase agreements.