The U.S. repo market has come under the spotlight in the past couple of days as surging short-term interest rates are causing some stress for overnight funding on Wall Street, reminiscent of the 2019 ...
It's been three years since the turmoil in the market for repurchase agreements froze the funding universe and forced a Federal Reserve intervention. Yet risks still linger as another test approaches.
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. At the end of September there was a big spike in the Secured Overnight Financing Rate. This may already be ...
Spikes in a key short-term interest rate are raising eyebrows in the arcane but vital overnight funding market, drawing unsettling comparisons with turmoil that rocked the space more than four years ...
The repo market madness lives on for a ninth day. The Federal Reserve Bank of New York announced Wednesday that it would increase the size of its next overnight system repurchase agreement operation ...
Look, the economy is complicated and it moves fast. News breaks and headlines don’t always tell the whole story. That’s why we’re launching a new series where we take it back to the basics. It’s ...
FROM ONE perspective, the Federal Reserve is expecting a quiet 2020. Of the 17 rate-setters at America’s central bank, 13 expect that it will not change interest rates at all during the coming year.
The repo market is often described as the “plumbing” of the financial system, especially when it starts to look clogged and in need of the kind of flushing that only the Federal Reserve can provide.
However, the worry is that the US financial system has since 2008 become accustomed to a comfortable amount of money sloshing ...
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