Primary Dealers Explained: How Wall Street Transmits Fed Policy
Explore how primary dealers buy Treasuries at auction, execute Fed open market operations, provide secondary market liquidity, and fund operations via repo.
open market operations
Open Market Operations: How the Fed and the Desk Steer Rates
Learn how Fed Open Market Operations work, how the New York Fed Desk trades with primary dealers, and how permanent vs. temporary repos steer interest rates.