Market Extra: Fed’s popular repo facility sees record demand of $1.35 trillion Thursday

The New York Federal Reserve Bank’s popular reverse repo facility set a record Thursday for overnight demand, the first day when the central bank had doubled the limit for individual users to $160 billion.

The New York Federal Reserve Bank’s popular reverse repo facility set a record Thursday for overnight demand, the first day when the central bank had doubled the limit for individual users to $160 billion.