The FRBNY announced it will offer “at least $200 billion” in term repo trades that will cross the June quarter end. This would in addition to their overnight repo trades.
The tentative schedule for the term trades is as follows:
|Operation Date||Settlement Date||Maturity Date||Amount Offered||Max Offering Rate|
|Jun 25, 2015||Jun 25, 2015||Jul 2, 2015||To be announced||To be announced|
|Jun 29, 2015||Jun 29, 2015||Jul 1, 2015||To be announced|
The FRBNY will provide additional information on these trades on June 22nd.
Good Day. DR2