Byron posted an update 1 month, 2 weeks ago
Watch this space. Even in “normal” times, repo markets typically go “nuts” at/around year-end. I can’t recall a time when I’ve seen repo markets already having been in flux for a full quarter leading into year-end.
To be clear, I am NOT forecasting anything of an apocalyptic scale (I’m not forecasting at all, actually)….I’m just saying that we could see some unprecedented conditions in the short-term lending markets which could have some significant reverberating effects at/around year-end.