Already have an account? log in
This article is FREE for you
Create a free account and join institutional investors, analysts and strategists from the world's largest banks
By submitting your email address you agree to receive communication by email
This Flash Crash Matters – Here’s Why
When the yen suddenly surged against damn near everything during one of the more dramatic "flash" ev
OR, subscribe now for unlimited access
By submitting your email address you agree to receive communication by email
By submitting your email address you agree to receive communication by email
There is one flash crash nobody talks about: the General Collateral rate for UST collateral on December 31 was 5.15%, 290 bps above RRP, the reverse repurchase agreement rate. Yesterday another spike occurred again.
There is something wrong somewhere, better to pay attention carefully.
Can you elaborate further about what this means and it’s ramifications, for for instance for treasury market bond ratings/stability’s? Thanks.