by | Jan 22, 2020

When does the medicine become the disease? Four months after the Federal Reserve intervened in the repurchase agreements (repo) market for the first time since the Great Recession, this strikes as a pertinent question. The temporary palliative that started in…

by | Jan 13, 2020

The New York Federal Reserve injected more than $300 billion in loans into the repurchase agreements (repo) market last week. That same week, the Congressional Budget Office announced a year-over-year increase of $39 billion in the quarterly deficit to bring…

by | Dec 17, 2019

The Federal Reserve Bank of New York injected $86.4 billion into the repo market on Monday. This follows three months of the Fed intervening in a repo market it normally leaves to its own devices. When repurchase agreement (repo) rates…

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