The U.S. repo market has come under the spotlight in the past couple of days as surging short-term interest rates are causing some stress for overnight funding on Wall Street, reminiscent of the 2019 ...

Spikes in a key short-term interest rate are raising eyebrows in the arcane but vital overnight funding market, drawing unsettling comparisons with turmoil that rocked the space more than four years ...

Back in September I passed along the news that there had been a peculiar spike in the overnight repo rate, the interest rate that banks charge each other for overnight loans of cash. On September 16, ...

The New York Fed announced it is increasing its temporary overnight repo operations to $120 billion a day from the current $75 billion. In addition to the repo increase, term repo operations are ...

At their October 29-30 meeting, Federal Open Market Committee members weighed several options ahead for keeping the repo market stable and maintaining the central bank's key lending rate within its ...

The New York Federal Reserve is well into its second week of offering market repurchase agreements. Known as repos, the operations are designed to soothe money markets and bring interest rates within ...

The $2.2 trillion repurchase agreement market - part of the inner workings of the U.S. financial system - is facing what could be another strain as the year comes to a close. That could have wider ...

FROM ONE perspective, the Federal Reserve is expecting a quiet 2020. Of the 17 rate-setters at America’s central bank, 13 expect that it will not change interest rates at all during the coming year.

The repo market is often described as the “plumbing” of the financial system, especially when it starts to look clogged and in need of the kind of flushing that only the Federal Reserve can provide.

It's been three years since the turmoil in the market for repurchase agreements froze the funding universe and forced a Federal Reserve intervention. Yet risks still linger as another test approaches.

Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. Every afternoon banks settle their accounts with each other and then figure out how ...