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December 30, 2019

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Repo is Wall Street's big year-end worry. Why?

Market NewsBy Samuel ObayomiDecember 30, 2019

Repurchase agreement (repo) is one of the main drivers of US financial System. Interest rates in U.S. money markets increased to 10% for some overnight loans, while the US benchmark overnight rate is currently set in a range of 1.5% to 1.75%. A reduction in US bank reserves held at the US Central bank is…

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