When it became clear that the $6.3 billion (later revealed to be more than $11 billion) sovereign debt position that brought down MF Global was collateralizing a repo trade, increased scrutiny of the ...
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 ...
Vulnerabilities are visible, and have already surfaced, in precisely the part of the market most people assume is safest, writes Prasad Gollakota.
LONDON, July 22 (Reuters) - The Bank of England said on Monday that banks should get ready to make greater use of its repo facilities as it sells down its government bond holdings, and that it plans a ...
Banks borrowed a record amount from a Bank of England repo facility, signaling growing demand for cash at a time when the central bank continues to drain excess liquidity from the financial system.
Record borrowing is occurring in the short-term repurchase market known as repo. Some of those loans are getting expensive by recent standards. Captured by the Fed's secured overnight financing rate, ...