Financial Times/Joe Rennison/12-3-2019
“Investors clamoured on Monday to secure financing over the end of the year, snapping up $25bn of short-term loans offered by the US Federal Reserve in an attempt to insulate themselves from a potential spike in borrowing costs.”
USAGOLD note: While attention is focused on trade clashes, there is another problem lurking in the background – cash liquidity in the repo market.
