NY Fed SOMA Reserve Management T-Bill Purchases: Buys USD 8.01bln of USD 41.48bln offered; Offer to cover 5.18x
Newsquawk Staff ·
Maturity/Call Date Range
- Tuesday, March 24, 2026 - Thursday, June 18, 2026
What it means
The NY Fed's purchase of $8.01 billion in T-bills indicates strong demand, as reflected in the 5.18x offer-to-cover ratio. This level of participation might suggest market sentiment leaning towards dovish expectations for upcoming Fed policy, which could influence rates and bolster the USD's strength against other currencies in the near term.
Sources
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- Atomic Energy Organization of Iran Spokesman says protocol for building small reactors with Russia is being finalized
- Ukrainian President Zelensky says Western powers could eventually discuss Russia's demands for security guarantees, but insists Ukraine's own security needs must be addressed first
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