Public Publication Content
5 Lessons learned from the repo messBy: Joe Kalish |
The Fed found the minimum level of reserves. It needs to resume organic growth of the balance sheet as soon as possible. There are limits as to how much the private markets can digest without the central bank's help. It needs to establish a standing repo facility to ease short-term liquidity strains. The "technical adjustments" were a failure.Ned Davis Research | Fixed Income | Focus | Bi-Weekly
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