repo volume

‘Dollar’ Not Sudden ‘Hawkishness’

By Jeffrey P. Snider|2016-10-05T18:10:54-04:00October 5th, 2016|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

When Alan Greenspan raised rates more than a decade ago, he just commanded that they be raised and the markets dutifully obeyed. The myth was unchallenged that the Fed could, if it wished, flood the market with bank reserves to reduce rates or contrarily starve it of reserves to raise them. The events of 2007-09 were essentially direct defiance to [...]

All That UST For Nothing

Repo rates ticked up again today as both agency and MBS GC rates remain over 20 bps. Volume has picked up also more recently, which may suggest more benign conditions overall the past almost two months are running their full course. Ever since May 1, volume in all three classes has been significantly greater than their drawn out averages, with [...]

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