On September 17, 2019, interest rates on overnight repurchase agreements (or "repos"), which are short-term loans between financial institutions, experienced a sudden and unexpected spike.

Feb 27, 2020 · In this note, we review the money market events of September 2019 and discuss the factors that may have contributed to the sharp rate movements in the repo market and the …

Jan 28, 2020 · What happened in the repo market in September 2019? The repo rate spiked in mid-September 2019, rising to as high as 10 percent intra-day and, even then, financial …

Nov 26, 2019 · The repo blow-up of 2019 set markets on edge and prompted the Fed to pump billions of dollars of emergency funding into the financial system. Here, we break down what …

Feb 27, 2020 · Figures 6 and 7 show the transacted amounts and the associated rates by borrowers and lenders, respectively, on September 16 (blue dots) and on September 17 (red …

Apr 25, 2023 · Stresses in the U.S. repurchase (repo) markets, while uncommon, can occur unexpectedly. In mid-September 2019, repo rates spiked dramatically, rising to as high as …

Notably, the secured overnight financing rate (SOFR), a measured of overnight funding cost in the Treasury repo market, increased by approximately 3 percent, printing over 5 percent and with …

We show that the segmented structure of the U.S. Treasury repo market, in which some participants have limited access across the segments, leads to rate dispersion, even in this …

Repo market madness September 17, 2019 — The Treasury repurchase agreement (repo) market experienced a brief period of unexpectedly high volatility as short-term borrowers faced …

Nov 2, 2019 · The repo market’s wobbles have revealed not only banks’ huge appetite for cash, but the unforeseen consequences of post-crisis prudential regulation.