MoonRocketman
On December 1, the Fed injected $13.5 billion into the market through overnight repurchase operations—how exaggerated is this number? It is second only to the scale during the pandemic in 2020 and even surpasses the intensity of operations during the internet bubble in 2000.
Let's first talk about what this "overnight repo" really is. Simply put, when banks are short on cash, they pledge government bonds to the Fed to borrow money, and then pay it back with interest the next day. For banks, it's a lifeline, and for the Fed, it's a switch to adjust market liquidity.
What does this b
View OriginalLet's first talk about what this "overnight repo" really is. Simply put, when banks are short on cash, they pledge government bonds to the Fed to borrow money, and then pay it back with interest the next day. For banks, it's a lifeline, and for the Fed, it's a switch to adjust market liquidity.
What does this b

