US Repurchase Agreement (Repo) markets seem calmer, but it took 3 days and over $200bn of cash injections by the Federal Reserve to calm them.
Seems like a market dislocation / no glaring parts of the economy driving it, but given this last happened during the financial crisis and led to the credit crunch, I feel somewhat worried. Especially if repo markets continue needing liquidity injections.
Evarvest community - I’d love to know how you are interpreting this!
A useful overview of all the market chaos can be found here, in case you hadn’t seen it yet!