Unpredictable Premonition
Monday, September 23, 2019
NORMALLY, the overnight repo rate in Wall Street does not move too far from the movements of the United States Federal Reserve rates. Since August, this repo rate has had an average of only 2.2 percent. But since Tuesday, September 17, the repo rate suddenly skyrocketed to over six percent, a sign of tight liquidity in the market.
Since then, until the deadline of this column three days after, the repo rate in Wall Street has continued to rise h...
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