Show Summary Details
Quick Reference
(USA).
Market's term for a permanent injection or drain of liquidity by the Federal Reserve (cf. desk; funds). Unlike its normal open-market operations which involve repurchase agreements, the coupon pass involves the outright sale or purchase of securities.
[...]
Subjects: Economics.
Related content in Oxford Index
Reference entries
Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.