Liquidity Panic Is Back: Fed's Term Repo Massively Oversubscribed Amid Market Turmoil
Mar 3rd 2020 8:44am EST
Liquidity Panic Is Back: Fed’s Term Repo Massively Oversubscribed Amid Market Turmoil It did not take long for shock and awe of last week’s market turmoil to hit the interbank market. One day after the overnight general collateral repo rate unexpectedly soared to 1.80%, far above the effective Fed Funds rate, and an indication that […]
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