Sunday 6 October 2019

REPO Update

The US Fed's support has been extended to November 4th...

https://www.zerohedge.com/markets/ny-fed-announces-extension-overnight-repos-until-nov-4-will-offer-8-more-term-repos

I did note in a previous post that the problem with the REPO market may stem from the fact that a major bank may have failed, and we are not being told which one it is. 

Maybe it is Deutsche Bank...see here.

https://seekingalpha.com/article/4294008-ghost-failed-banks-returns

The parallels to the failure of an Austrian bank in 1929 - Credit-Anstalt - which launched the Great Depression, are eerie.


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