Latest / Eurodollar University
Collateral Shortage Hits Repo Market – What You Need to Know
Repo fails make sense being an indicator of collateral difficulties. Same for the 4-week US Treasury bill rate when it falls substantially. But how does Japanese government bill yields fit into the US$ repo picture? And why are they such a solid fit for it? The answer lies in the carry trade and what it means for funding markets as well as US recession risks.
Eurodollar University's Money & Macro Analysis
Bloomberg Mizuho Buys ‘Safe’ Assets on Risk That US Soft Landing Fails
https://www.bloomberg.com/news/articles/2024-10-08/mizuho-buys-safe-assets-to-cut-damage-if-us-soft-landing-fails…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.