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Something odd just happened in U.S. short-term funding markets: a benchmark interest rate suddenly fell precipitously on March 19 before bouncing back up the next day. The drop, which has garnered little attention outside Wall Street trading desks, happened in a corner of the repurchase agreement market, or repo, where firms borrow funds from investors against Treasuries. That day a key repo interest rate, called the Treasury GCF Repo Index, fell to 5.142%, a significant drop from its previous day's print of 5.334%.
In the Market: the Mysterious One-Day Drop in a Repo Rate usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Something odd just happened in U.S.
short-term funding markets: a benchmark interest rate suddenly
fell precipitously on March 19 before bouncing back up the next
day. The drop, which. -April 12, 2024 at 01:00 am EDT
- MarketScreener
In the Market: The mysterious one-day drop in a repo rate By Reuters investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.