Fed’s Second 42-Day Repo Oversubscribed As Rising Repo Rate Confirms Year End Liquidity Rush
ZeroHedge by Tyler DurdenMon, 12/02/2019 – 08:33 One week after the Fed’s first 42-day term repo which for the first time allowed dealers to lock in funding into the new year and which was 2x oversubscribed, confirming a growing scramble for year-end funding, traders were keenly looking ahead to the result from today’s second 42-day repo…
