Banks exchanging billions of dollars every day and overnight lending in order to maintain their reserve ratios now this borrowing isnt free you have to put up collateral usually in the form of treasuries or other tear one securities so under normal circumstances the repo market runs smoothly the rate is steady around 2 percent and the entire system is dependent on trust trust that the borrower can pay you back plus interest its a great way for commercial banks to make money now what happened here was when the rates suddenly spite we dont actually know what happened yet because we havent seen a spike like that since 2008 and in 2008 when the rate suddenly shot up indicating that there was a risk and uncertainty in the market there were rumors going around that your partner banks were insolvent so when you hear Something Like that as a bank thats a huge risk you dont want to lend to an insolvent partner so when you see a risky client you want to charge them 5 percent 10 percent. Tiene pe
Move is the 1st of its kind since its 2008 financial crisis and the scary part is the fed still doesnt know what caused the spike so lets take a step back and really understand what the repo market is its essentially a short term borrowing market where banks and institutions lend to one another banks exchanging billions of dollars every day and overnight lending in order to maintain their reserve ratios now this borrowing isnt free you have to put up collateral usually in the form of treasuries or other tear one securities so under normal circumstances the repo market runs smoothly the rate is steady around 2 percent and the entire system is dependent on trust trust that the borrower can pay you back plus interest its a great way for commercial banks to make money now what happened here was when the rates suddenly spite we dont actually know what happened yet because we havent seen a spike like that since 2008 and in 2008 when the rate suddenly shot up indicating that there was a risk
But the end of the week. Cant you . But bev turner. But ive bev turner. This tom harwood. Its this is tom harwood. Its going to be more professional to hear right . Hear on air right . Well, interest could well, Interest Rates could rise again the of rise again as the bank of englands policy Englands Monetary Policy Committee today in Committee Meets today in more potentially bad news for mortgage holders. So when will mortgage holders. So when will they ever come back down . Well be asking the details as would you mention this shop they might be putting on a little bit too much weight. An article in the paper this morning, it said that you must tell your partner if theyre getting fat. Have you ever had this difficult potentially difficult but potentially necessary and necessary conversation and following in the footsteps of swimming, cycling and athlete sticks, british rowing has now said that it will ban Transgender Athletes from competing in womens events. Competing in womens events
Being looked for. Bruno mars with his first primetime special. First he talks about taking on harlems iconic apollo theater. First we take look at tod todays eye opener, your world in 90 seconds. He doesnt deserve to walk amongst us. A serial killer arrested in tampa. It shook up residents of one tampa neighborhood. It is a situation that we will handle. North korea says its successfully test fired its greatest icbm next. It can hit anywhere in the United States. Were headed toward a war if things dont change. They plan to advance it to the senate floor. We have to pass. I believe we will get there. Well get it done. The royal couple will marry in may. Its a headgame sunshine so excited. It ended up with a speaker arrested. All that two daring wing suit flyers land into a moving plane. And all that matters im loving life now. Great news in the golfing world. Tiger woods is back. Hell be back for the First Time Since february. Ive got to calm down. Ive just got to calm down. On cbs this
Special. First he talks to us about taking the stage at harlems iconic apollo theater. But we begin with a look at todays eye opener, your world in 90 seconds. Today the good guys won. Today Seminole Heights can sleep. A suspected serial killer caught in tampa. He is charged with four counts of firstdegree murder for a series of killings. Matt lauer has been fired for inappropriate workplace behavior. As im sure you can imagine, we are devastated. North korea says it successfully test fired its greatest icbm yet. Claiming the missile can hit anywhere in the United States. Were headed toward a war if things dont change. The Senate Budget committee voted along party lines to advance the gop tax plan. I think we will get to 50 and get it done. Details of the upcoming royal wedding. They will marry in may in Windsor Castle. Im so excited. A speech at the university of connecticut has ended with the speaker arrested. All that two daring wing suit flyers land into a moving plane. Yes and all