Something Snaps: Repo Freezes Again As Overnight Fed Operation Oversubscribed, Repo Rate Jumps
Courtesy of ZeroHedge by Tyler Durden First it was supposed to be just a mid-month tax payment issue coupled with an accelerated cash rebuild by the US Treasury. Then, it was supposed to be just quarter-end pressure. Then, once the Fed rolled out QE4 while keeping both its overnight and term repo operations, the mid-September repo rate fireworks which…
