Second Term Repo Oversubscribed As Funding Shortage Keeps Getting Worse
Second Term Repo Oversubscribed As Funding Shortage Keeps Getting Worse by Tyler Durden, https://www.zerohedge.com/ Update: Step away from the panic button (at least until tomorrow). Moments after the Fed announced that its second, expanded $60BN term repo came in oversubscribed (see below), the results of the overnight repo were also announced, and they suggested that …