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Today’s “Watershed” Repo-calypse Is “One Of The Worst Things That Can Happen”

Today's "Watershed" Repo-calypse Is "One Of The Worst Things That Can Happen"
Federal Reserve Bank of New York
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While it is being ignored by most (because the S&P didn’t crash), the chaos in the Fed-controlled short-term liquidity markets should panic everyone as for the first time in a decade, NYFRB was forced to inject liquidity for o/n repo…

Repo rates kept rising despite the Fed’s operation…

To read more visit Zero Hedge.

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