Fed Sets 2.02% Minimum On $25B of 84-Day TAFs

The Federal Reserve announced yesterday it will set a 2.02% minimum bid on its $25 billion 84-day Term Auction Facility credit.

Results will be announced at 10 a.m. Eastern Standard Time today, with Thursday as the settlement date. The loan matures Dec. 4.

The Fed set a minimum bid amount of $5 million per bid, with a maximum of $2.5 billion per institution.

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