NYFed Massively Ramps Up Repo Facility Liquidity Bailout (to Avert Financial System Collapse??)

• NYFed Massively Ramps Up Repo Facility Liquidty Bailout
  by Tyler Durden, https://www.zerohedge.com/
  With the market now screaming for more emergency rate-cuts, The Fed has begun its bailout from we think is the longest limit-down in S&P futures ever…
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  The NY Fed has massively increased its overnight and term repo liquidity bailout facilities… Full Statement below
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  The Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York has updated the current monthly schedule of repurchase agreement (repo) operations.
  • Beginning with today’s operation and through March 12, 2020, the Desk will increase the amount offered in daily overnight repo operations from at least $100 billion to at least $150 billion.
  • In addition, the Desk will increase the amount offered in the two-week term repo operations on Tuesday, March 10, 2020 and Thursday, March 12, 2020 from at least $20 billion to at least $45 billion.
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    read more.

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