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mick

09/27/19 9:03 PM

#207896 RE: mick #207895

let's be clear that the repo market is not the bond market, but rather a clever little corner of the market casino designed to allow major banks and a few other non-bank and quasi-government entities to make short-term (often overnight) loans on an as-needed basis.

With this in mind, many readers have naturally asked why the big banks, so flush with post-2008 reserves, would ever need such "loans."

Additionally, other readers, those admittedly new to the variant and rigged mechanizations between D.C. and Wall Street, have been pondering what all of this sudden (and narrow) repo noise has to do with their own money and the broader risks facing the markets.
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$Pistol Pete$

09/27/19 9:04 PM

#207897 RE: mick #207895

Good evening Mick