The morning after the Federal Reserve fired most of its available weapons to help the economy navigate the coronavirus threat, demand for its temporary liquidity again fell well short of what the central bank was willing to provide, amid a choppy morning for money-market rates. On Monday, the Fed offered eligible banks three repurchase agreement operations, or repos. In the one-day interventions, so-called primary dealers sought $129.6 billion in loans versus the $175 billion the Fed was willing to provide.

Source: Wall Street Journal March 16, 2020 15:48 UTC