The Federal Reserve yesterday announced the results of its term-auction facility, selling $101.642 billion of 84-day credits at a 0.250% stop-out rate. The bid-to-cover ratio was 0.68. There were 103 bidders. The average bid was $987 million.
Fed TAFs Go At 0.250% Stop-Out Rate
March 25, 2009, 1:00 a.m. EDT 1 Min Read