"No Bid": In Stunning Development, Dealers Run Out Of Securities To Use In Fed Repo Operations
Mar 27th 2020 9:52am EDT
“No Bid”: In Stunning Development, Dealers Run Out Of Securities To Use In Fed Repo Operations Two weeks ago, just after the Fed first announced its massive overnight and term repo operation expansion which now amounts to some $1 trillion in daily repo capacity (and before Powell expanded this bazooka to included ZIRP and unlimited […]
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