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Repo fails jumped by 50% in the latest weekly data, which just so happens to be the same week swap spreads plunged to record lows. It was also when the US economy, at least its labor data, took a turn for the worse. Understanding the connections between all these money and macro indications is critical. Eurodollar University's Money & Macro Analysis Financial Times New York Fed examines banks’ role in money market turmoil https://www.ft.com/content/83a5bb70-dbca-11e9-8f9b-77216ebe1f17 FOMC Chair Powell Press Conference Transcript October 2019 https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20191030.pdf https://www.eurodollar.university Twitter: https://twitter.com/JeffSnider_EDU |