Re:Statement Regarding Repurchase Operations
by AnimalMuppet on Friday September 20, 2019 @03:30PM
(#21030324)
So: Not enough demand for Treasuries, dealers have to purchase the difference, dealers running out of money to keep doing that, the Fed supplying the money for repo. I can buy all that, and it makes me nervous.
How close are we to a failed auction where the dealers won't or can't purchase the difference? How close are we to the Fed having to buy them directly?
How close are we to a failed auction where the dealers won't or can't purchase the difference? How close are we to the Fed having to buy them directly?