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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 685.66

+0.2%

Dec 5 4:00 PM EST

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To: Les H who wrote (35465)	12/20/1999 9:44:00 AM
From: Lee Lichterman III	Read Replies (2) of 99985

No need to worry about credit, the Fed still has the faucet on ... Monday December 20, 9:35 am Eastern Time Fed adds reserves via 10-day fixed, overnight repos NEW YORK, Dec 20 (Reuters) - The Federal Reserve said it added temporary reserves to the banking system on Monday through 10-day fixed and overnight system repurchase agreements for tri-party settlement. At the time of the operation, Federal funds were trading at 5-1/2 percent, according to Garban-Intercapital, on the Fed's target for the rate. biz.yahoo.com

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