Dollar-Funding Stress Could Be ‘Crossing The Rubicon’ Moment For Market

Dollar-Funding Stress Could Be ‘Crossing The Rubicon’ Moment For Market

This week's oversubscribed repos may have been the "canary in the coal mine", TD's Priya Misra wrote, in a client note warning about the possibility that dollar-funding pressures could continue to build amid a worsening macro outlook.  Just prior to the Fed's emergency rate cut on Tuesday, both the scheduled term repo and that day's overnight operation were oversubscribed. It was the first oversubscribed O/N op since October. The next day's O/N op was oversubscribed too, and both term ops th
Subscribe or log in to read the rest of this content.

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints