The repo market
The Story of Money
Manuela Saragosa
4.4 • 400 Ratings
🗓️ 3 October 2019
⏱️ 22 minutes
🧾️ Download transcript
Summary
A key short term lending market came under strain in September, raising concerns that the Federal Reserve's attempt to unwind post-financial crisis intervention may have gone too far. The FT's Joe Rennison explains what has been going on in the repo market.
Further reading:
How the Federal Reserve could fix the repo market:
https://www.ft.com/content/33674380-e4f4-11e9-9743-db5a370481bc
Fed wrestles with role of regulation in repo squeeze:
https://www.ft.com/content/45a9c196-e231-11e9-9743-db5a370481bc
New York Fed rejects Wall St criticism of response to repo turmoil:
https://www.ft.com/content/c267a2f4-dd3e-11e9-9743-db5a370481bc
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Transcript
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| 0:00.0 | Am I missing anything? Is this the right decision? |
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| 0:26.6 | Visit clarity. |
| 0:28.0 | AI and take action today. September 30th marked the final day of the third quarter and the end of the |
| 0:38.8 | quarter also marked a cash crunch in an important short-term lending market. This is where financial |
| 0:44.6 | players go to trade some of their assets in exchange for cash in order to keep up |
| 0:49.3 | with regular business. Think of hedge funds trying to fund another trade. It seemed almost out of nowhere |
| 0:55.4 | that there wasn't enough cash swirling around the system to keep up with demand. |
| 1:00.0 | Hello and welcome to Behind the Money with the Financial Times. |
| 1:04.0 | I'm Amy Keene. |
| 1:05.0 | On this episode, we're looking at this short-term lending market, |
| 1:08.0 | the repo market, and why in the past two weeks |
| 1:11.0 | it's come up short on cash. All right, Joe, Joe, Joe, what are you... |
... |
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