by Andrew Moran | Jan 23, 2020 | Articles, Business News, Opinion
What many had first considered a benign and trivial event in the Repurchase Agreement (repo) market has metastasized into something over which to lose sleep. The Federal Reserve has pumped more than $1 trillion into these markets, and the central bank is continuing to...
by Andrew Moran | Dec 11, 2019 | Articles, Economic Affairs News
Did you miss the days of reckoning on Wall Street in mid-September? You may have heard in passing about a crash in the repo market when rates skyrocketed from 2% to as high as 10%, and the fed funds rate jumped five basis points above its target range. Why does it...