The repo market blew up because the fed was not controlling that short end (literally the shortest duration money) while manipulating all the 2yr+ maturities. Now they control the repo markets too.
Tradfi markets have no price signal left in them.
I am looking for something like this to happen in the reverse repo market.
https://en.wikipedia.org/wiki/September_2019_events_in_the_U.S._repo_market#
The repo market blew up because the fed was not controlling that short end (literally the shortest duration money) while manipulating all the 2yr+ maturities. Now they control the repo markets too.
Tradfi markets have no price signal left in them.
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