Update on T-bills. Last week's wild auctions repeated this week, only with flipped maturities. Other related data confirm the sharp demand as well as dealer participation in it. We discuss the implications plus dig into the reason why collateral is so important to begin with, and also why we don't know nearly enough about what's going on.
Eurodollar University's Money & Macro Analysis
WEBINAR REPLAY, w/SPECIAL GUEST JIM RICKARDS
https://event.webinarjam.com/go/replay/26/7y53nc7mb44azzaw
FRBNY Primary Dealer Statistics
https://www.newyorkfed.org/markets/counterparties/primary-dealers-statistics
IOSCO Securities Lending Transactions: Market Development and Implications
https://www.iosco.org/library/pubdocs/pdf/IOSCOPD96.pdf
OFR Why Is So Much Repo Not Centrally Cleared?
https://www.financialresearch.gov/briefs/files/OFRBrief_23-01_Why-Is-So-Much-Repo-Not-Centrally-Cleared.pdf
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU
What is Eurodollar University?
Jeff Snider will guide you through the realm of monetary science. Multiple episodes uploaded each week, discussing big news and key current events, the state of markets and what they are telling you, as well as historical summaries and deep background material so that you can understand what’s really going on in this eurodollar’s world.