Fed’s 85-Day TAFs Go At 0.600% Stop-Out Rate

The Federal Reserve yesterday said it sold $138.939 billion of 85-day term auction facility credits at a 0.600% stop-out rate.

The bid-to-cover ratio was 0.93. Total propositions submitted were $138.939 billion, and they were all accepted. There were 89 bidders. The average bid was $1.561 billion.

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