The NY Fed adds another baby step to its eventual liquidity-soaking arsenal, adding money market...

|By:, SA News Editor

The NY Fed adds another baby step to its eventual liquidity-soaking arsenal, adding money market funds to the list of counterparties for reverse repos. Beyond the primary dealers, the move gets a list of money managers involved: BAC, BLK, SCHW, GS, IVZ, JPM, LM and more.