UPDATE 2-U.S. overnight borrowing costs jump at quarter-end

March 31, 2015 5:35 PM

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* U.S. Fed awards most reverse repos in five months (Adds latest Fed reverse repos in paragraphs 3, 11)

NEW YORK, March 31 (Reuters) - Borrowing costs on overnight dollars jumped on Tuesday as investors and banks were reluctant to lend at the end of the first quarter.

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