Here we go again: Turmoil rocks the repo market
3 years, 9 months ago

Here we go again: Turmoil rocks the repo market

CNN  

New York CNN Business — The repo market, a murky yet crucial corner of Wall Street, is acting weird again. That would tip the apple cart.” Mark Cabana, head of rates strategy at Bank of America The rate to borrow 10-year Treasuries in the repo market plunged to minus-4% this week, a very rare occurrence. “This turmoil is being caused by the bond market swinging around as people realign their views on the economy,” said Scott Skyrm, executive vice president in fixed income and repo at Curvature Securities. “The greatest risk to everything the Fed is trying to achieve in terms of stimulating growth and reaching full employment is too high US interest rates,” Cabana said. “That would tip the apple cart.” The Fed’s Hotel California problem When the repo market blew up in the fall of 2019, the NY Fed came to the rescue by promising to inject billions of dollars into the markets.

Economy Market Fed Wall Street Dudley Repo Turmoil Cabana Treasury Rates Treasuries  repo  turmoil  treasury  rates  week  treasuries  rocks  fed  economy  market  10year  cabana

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Wall Street is in for a rude awakening, former NY Fed president says
3 years, 9 months ago

Wall Street is in for a rude awakening, former NY Fed president says

CNN  

New York CNN Business — Wall Street threw a fit last week when Treasury rates spiked. I think they are going to be successful.” If you define a bubble as something where yields are far away from where you’re going to be in the long run, then I guess it’s a bubble.” former NY Fed president Bill Dudley Inflation worries …

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