1-day drop in US repo rate to 5.142% on March 19, linked to a large trade by a major player.
A mysterious one-day drop occurred in the U.S. short-term funding market's repo rate on March 19, falling to 5.142% before bouncing back up the next day. A key repo interest rate, the Treasury GCF Repo Index, experienced this significant drop from 5.334%. The increase in transaction volume by $57.64 billion from $31 billion the previous day is linked to a single large trade involving a major player.
April 12, 2024
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