Insane Repo Reminds Us

By |2019-01-02T12:24:01-05:00January 2nd, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

It was only near the quarter end, that’s what made it so unnerving. We may have become used to these calendar bottlenecks over the years, but they still remind us what they are. Late October 2012 was a little different, though. On October 29, the GC repo rate for UST collateral (DTCC) surged to 52.6 [...]