As discussed in an earlier post, the FRBNY previously announced that it will offer “at least $200 billion” in term repo trades that will cross the June quarter-end. FRBNY announced an update to the tentative schedule for the term trades, which is as follows:
*Any undersubscribed capacity from the June 25 term RRP will be added to the offering size of the June 29 term RRP.
In addition, as a reminder to market participants, the FRBNY announced that it expects the holiday trading convention to be adopted for Friday, July 3, so repo trades executed on that day will mature on Monday, July 6.
Good Day. DR2