Term Fed funds

(redirected from Term Fed Fund)

Term Fed funds

Fed funds sold for a period of time longer than overnight.

Term Fed Funds

Federal funds that a bank borrows for a period of more than one day. Generally speaking, term fed funds have a maximum maturity of 90 days. Banks borrow term fed funds when they need to borrow funds for an extended (but still short-term) period of time and wish to lock in a low interest rate.
References in periodicals archive ?
Analysts're looking for no change in the dots, which would be supportive of the rally in near term Fed funds futures.
The yield curve is the difference between yields based on their maturity, which includes the short term fed funds interest rate and the longer term 10-year Treasury interest rate.
Gurkaynak Sack, and Swanson [2007] studied several different money market instruments--including term Fed funds rates, Fed funds futures, Eurodollar rates, Eurodollar futures, Treasury Bills, and commercial paper--to determine which is best for measuring monetary policy expectations.