– Repo rates spiked to 8.5% last Monday
– The Fed injected $53 billion on Tuesday, $75 billion on Wednesday, $75 billion on Thursday, $75 billion on Friday.
– NY Fed will continue to intervene until Oct 10
Links:
Federal Reserve Cash Injections into Repo Market Continue Into Second Week
Here are 5 things to know about the recent repo market operations
Statement Regarding Repurchase Operations