Fed Extends Temporary Dollar Swap Lines and Repurchase Facility
By Christopher Condon
December 16, 2020, Bloomberg
The Federal Reserve said it had extended through September 2021 two programs designed to insure the ready supply of U.S. dollars worldwide and smooth the functioning of the market for U.S. Treasuries.
“A further extension of these facilities will help sustain recent improvements in global U.S. dollar funding markets by serving as an important liquidity backstop,” the Fed said in a statement Wednesday.
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