The Fed injects another $72 billion into markets amid slowing demand

Kevin Lamarque/Reuters The Federal Reserve on Friday auctioned another $72 billion worth of market repurchase agreements, or repos, in a continued effort to calm money markets and bring interest rates within its intended range. The bank offered $22.7 billion in repos expiring overnight and $49 billion in repos expiring in 14 days, for a total of roughly $72 billion. The auction was undersubscribed. The Fed kicked-off its repo offerings last week for the first time since the 2008 financial crisis...