Repo Opening Below Zero Risks Driving Up Demand for Fed Facility (Europe Has 20 Nations With Negative 2Y Yields)
by confoundedinterest17 (Bloomberg) — The rate on overnight general collateral repurchase agreements opened at negative levels Thursday, an indication of the unrelenting flood of cash into funding markets. It may also portend another increase in volume at the Federal Reserve’s reverse repo facility. The rate on overnight GC repo opened at -0.01% and has held steady since, … Read more