Fed Might Look Past Repo-Market Pressure
The nature of the rate spike probably means that it won’t disrupt the Federal Reserve’s balance-sheet-reduction plans, says Bill Dudley, former president of the New York Fed.
FXStreet18d
Stocks stall in thin post-holiday trade as investors brace for year-end squeeze and repo strain
The Secured Overnight Financing Rate (SOFR), a key benchmark for one-day lending in the repo market, surged to 4.40% on December 24, up from 4.31%, according to the New York Fed. This move brings ...