Fed Sets 0.25% Minimum On $100B 28-Day TAFs

The Federal Reserve yesterday announced it set a 0.25% minimum bid on its $100 billion 28-day term-auction facility credit.

The Fed set a minimum bid amount of $5 million per bid, with a maximum of $10 billion per institution.

For reprint and licensing requests for this article, click here.
MORE FROM BOND BUYER