Emergency Fed Repo Fiasco: Funding Markets Remain Frozen After Dealers Balk At $500BN Operation

Mar 16th 2020 2:08pm EDT

Emergency Fed Repo Fiasco: Funding Markets Remain Frozen After Dealers Balk At $500BN Operation Less than an hour ago, when previewing today’s emergency repo operation which the fed announced ad hoc on Monday morning in response to the latest credit market turmoil, this time affecting the GC repo rate, we said that “we don’t even […]

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