Fed Sets 0.25% Minimum On $50B of 28-Day TAFs

The Federal Reserve announced yesterday it set a 0.25% minimum bid on its $50 billion 28-day term-auction facility.

Results will be announced today, with Thursday as the settlement date. The loan matures March 11.

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

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