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Its Starting: The Repo Market Is Failing?!
Episode 669
Published 2 years, 3 months ago
Description
EDU's Guide to What A Collateral Shortage Looks Like
Link Here: https://funnel.eurodollar.university/collateral
While everyone was looking into year-end SOFR, real money stuff went haywire. Repo fails absolutely surged and swap spreads collapsed more than they had already. Dealers are hoarding Treasuries at the same time where banks are hitting up the Fed's BTFP. What do all of these and others mean, including the BTFP?
Eurodollar University's Money & Macro Analysis
IOSCO/CPSS Securities Lending Report
https://www.bis.org/press/p990712.htm
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU