[posting]61644291[/posting]Bix Weir: Repos Going to $20 Trillion this Month
10/07/2019 04:02:00 PM News
RoadtoRoota
Oct 7, 2019
Would you want a banker bailout or would you rather lose your life savings?! Delaying hard choices are WHY we are in this mess in the first place! Just say "NO!" when they come begging!
Give the banks enough rope to hang themselves then pull the trigger. Destroy the financial system
Things are very bad behind the scenes and getting worse everyday.
Set off the “Derivative bomb” and go back to some kind of “sane monetary system” .Could be gold, or silver or cryptos…….Let the people decide…..
The path we are on started Sept. 11th of this year. In 2008 it was a one time bailout…..this seems to be much larger and much more prolonged….and I think 20 Trillion is the number to watch for.
https://inteldinarchronicles.blogspot.com/2019/10/bix-weir-r…
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MZ: A military contact says this will be done/wrapped up between Nov.4-15th. ...
Member: overnight REPO market exploding - Houston we have a problem! ...
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Operating Policy
Statement Regarding Repurchase Operations
October 4, 2019
In accordance with the most recent Federal Open Market Committee (FOMC) directive, the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York will conduct a series of overnight and term repurchase agreement (repo) operations to help maintain the federal funds rate within the target range.
Effective the week of October 7, the Desk will offer term repos through the end of October as indicated in the schedule below. The Desk will continue to offer daily overnight repos for an aggregate amount of at least $75 billion each through Monday, November 4, 2019.
Securities eligible as collateral include Treasury, agency debt, and agency mortgage-backed securities. Awarded amounts may be less than the amount offered, depending on the total quantity of eligible propositions submitted. Additional details about the operations will be released each afternoon for the following day’s operation(s) on the Repurchase Agreement Operational Details webpage. The operation schedule and parameters are subject to change if market conditions warrant or should the FOMC alter its guidance to the Desk.
Schedule of Overnight and Term Repurchase Agreement Operations: ...
Overnight Operation Dates Aggregate Operation Limit
Mon, 10/7/2019 - Mon, 11/4/2019 At least $75 billion
https://www.newyorkfed.org/markets/opolicy/operating_policy_…
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Repurchase Agreement Operational Details
In accordance with the most recent Federal Open Market Committee (FOMC) directive, the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York will conduct a series of overnight and term repurchase agreement (repo) operations to help maintain the federal funds rate within the target range.
Securities eligible as collateral for both overnight and term operations include Treasury, agency debt, and agency mortgage-backed securities. Primary Dealers will be permitted to submit up to two propositions per security type. The minimum bid rate for term repo operations is based on prevailing market rates that reflect market expectations for the path of the federal funds rate over a similar tenor to that of the repo operation. This is a technical parameter and no inference should be drawn about the Federal Reserve’s views on the current or future stance of monetary policy based on the minimum bid rate.
The operation schedule and parameters are subject to change. The Desk will update the table below daily to reflect the operational details for the following business day’s operations.
Operation Schedule and Parameters: ...
https://www.newyorkfed.org/markets/domestic-market-operation…
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Dollar Shortage Returns As Repo Usage Rises To Highest In A Week
by Tyler Durden
Mon, 10/07/2019 - 08:53
One workday after the NY Fed took down only $38.55BN in collateral in its latest overnight repo operation, the funding market appears to again be getting tighter, and as the term repos are set to mature in the coming days, on Monday morning the NY Fed announced that it had accepted $47.05BN in collateral in its latest repo op, consisting of $36BN in TSYs and $11.05BN in MBS.
And even though quarter end is long behind us - and traders are starting to worry about the upcoming year end, which back in 2018 caused a mini explosion in repo rates - this was the third consecutive increase in repo op usage, the highest in a week and the second highest since the start of the month. ...
https://www.zerohedge.com/health/dollar-shortage-returns-rep…