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[–]send_nasty_stuffNational Socialist 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 1 fun -  (3 children)

[–][deleted] 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (2 children)

Holy shit, so THAT is what they were doing. 2 years late, now I know. I kept wondering, WTF they doing? Who's gobbling all this liquidity??

[–]TheJamesRocket 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

I learned about the overnight repurchase agreements back in September 2019. I wasn't really concerned until I saw the huge spike in March 2020.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Yeah I was watching that "live" too, I just didn't know if it was a widespread or very concentrated use of that facility, which changes everything. Turns out it was concentrated, which is of course worse.