Money Market Update - Concoda

9 Comments

May 15Liked by Concoda

Questions, please:

1. SOFR rate is for centrally cleared repo (trading treasuries), right?

2. Non-bank bi-lateral repo for hedge funds and PR(trading alternatives) must trade at a higher rate, I assume?

3. If so, there is still an overnight premium trade available in the market, and I would assume money should flow to non-bank repo? Is this happening?

I doggedly focus on the non- bank portion of money markets, since this is where liquidity risk is highest, yet no one seems to focus much on this risk

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1 reply by Concoda

The Blind Squirrel

Writes Blind Squirrel Macro

May 15Liked by Concoda

At which point things start to gum up properly...

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