Riksbank extends swap agreement with Fed
$60 billion line set up in response to Covid-19 extended until end of September 2021
Sveriges Riksbank has extended its swap agreement with the Federal Reserve for six months, it said today (January 29).
The $60 billion liquidity line will remain in force until September 30, 2021. It was first agreed in March 2020, in response to the economic impact of the Covid-19 pandemic, initially for six months. The swap line was previously extended in August until March 31, 2021.
The US Treasury market suffered acute stress in March 2020, when investors prioritised access to dollars in
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