A transatlantic regulatory arbitrage resurfaces in short-term money markets
Are summer Hamptons trips reflected in overnight repo rates?
Will asset purchases restart before, or after, the Treasury market gets upended?
Sofr’s brief divergence from Fed’s repo rate has rattled investors
Volatility in debt market prompts US money market funds to park cash in ‘reverse repo’
International Capital Market Association warns of ‘rising dysfunction’ in money markets
YAY
Investors in search of safe assets flock to overnight reverse repo market
Short-term lending facility could save governments $11bn a year in interest costs, body says
Demand for central bank’s reverse repo facility hits record as rates on short-term debt plunge
Putting all trading and repo transactions through a central clearing house could protect the global financial system
The authors argue that once assets become traceable through blockchain systems, collateral reuse will mobilise money velocity again.
US central bank’s aggressive intervention brought short-term borrowing costs under control
Central bank to provide up to $500bn in overnight funding after signs of strain emerge
Central bank to spend $37bn, nearly half its total for March and early April, in a single day
Emergency moves follow alarm over liquidity conditions in US Treasuries
US central bank announces larger and longer-term loans to prevent funding market instability
Move seen as effort to stop funding markets from seizing up amid coronavirus crisis
Fund manager traded controversial German financier’s bonds with Shard Capital
Interventions in short-term funding markets will be curtailed again from Friday
Central bank receives $59bn in bids for $30bn offering
Jay Powell set to address questions about market intervention at press conference
Investors are still snapping up two-week loans from the US central bank
Fears of blow-up prove unfounded, but it is hard for the Fed to now withdraw support
Vice-chair Clarida says central bank will reduce intervention in repo market soon
