Repo And Interbank Revelations

By |2015-04-24T16:18:59-04:00April 24th, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

There was no third consecutive quarterly liquidity event on April 15, but I think there was an observation of the same systemic crack that just didn’t, this time, go anywhere. I have been highlighting repo rates particularly during April where GC rates failed to reset as they had done after every other quarterly window dressing. This time was already notable [...]