The tri-party repo market is a large and important market where securities dealers find a substantial amount of short-term funding. Despite its importance, this market was very opaque before the crisis. Since March 2010, in accordance with recommendation 13 of the Task Force on Tri-Party Repo Infrastructure Reform report, the Federal Reserve Bank of New York has made monthly data on the tri-party repo market available to the public. Today, with our new interactive tool, there is a whole new way to view the market and its evolution. You can make your own charts, looking at volumes for specific asset classes, at haircuts, or at concentration, over your preferred time horizon.…FRBNY — Liberty Street Economics
The Tri-Party Repo Market Like You Have Never Seen It Before
Jacob Adenbaum, Antoine Martin, and Susan McLaughlin
We need to post and keep posting on credit markets so that the MMT PTB come up with a more accurate banking and financial system. The old nonsense about OMOs and discount windows and trilemma of fx, quantity and price is untenable. Until MMT moves into reality, it will continue to fail to be accurate and relevant and will be tossed into the dust bin with other models that became irrelevant.
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