EPISODE · Jul 30, 2024 · 18 MIN
The Global Repo Market is Starting to Explode (does This Mean a GFC is Near?)
from Eurodollar University · host Jeff Snider
A whole lot going on in the eurodollar shadows. Record high repo pool (reverse repo) at the Fed. Bull steepening even more aggressively outside of Treasuries. Primary dealers absolutely hoarding collateral to a degree we haven't seen since March 2020. Banks around the world heavily buying safety and liquidity. The dollar hammering currencies. But why?Eurodollar University's Money & Macro AnalysisReuters Rupee hits record low on month-end dollar demand; RBI helps cap losseshttps://www.reuters.com/markets/currencies/rupee-hits-record-low-month-end-dollar-demand-rbi-helps-cap-losses-2024-07-29/https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU
What this episode covers
A whole lot going on in the eurodollar shadows. Record high repo pool (reverse repo) at the Fed. Bull steepening even more aggressively outside of Treasuries. Primary dealers absolutely hoarding collateral to a degree we haven't seen since March 2020. Banks around the world heavily buying safety and liquidity. The dollar hammering currencies. But why?Eurodollar University's Money & Macro AnalysisReuters Rupee hits record low on month-end dollar demand; RBI helps cap losseshttps://www.reuters.com/markets/currencies/rupee-hits-record-low-month-end-dollar-demand-rbi-helps-cap-losses-2024-07-29/https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU
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The Global Repo Market is Starting to Explode (does This Mean a GFC is Near?)
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