The Eccles Building Fools Strike Again! Repo “Crisis” Ends With A Whimper Amid Massive Liquidity Glut

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…. the Turn repo rate dropped another 75 basis points from 2.75% down to 2.00%, confirming that dealers had lost all fears of a year-end funding squeeze. This happened after only $8.3 billion showed up for the 15 day term operation out of a possible $35 billion On Monday.


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