The unwillingness of the top four U.S. banks to lend cash combined with a burst of demand from hedge funds for secured funding could explain a recent spike in U.S. money market rates, the Bank for International Settlements said.

Topics:  bank   international settlements   u.s    lend cash   
BING NEWS:
  • Big U.S. banks' reluctance to lend may have caused repo-market shock: BIS
    An unwillingness among the four leading U.S. banks to lend cash, combined with a surge in demand from hedge funds for secured funding, could explain the spike in U.S. money market rates and the sudden ...
    12/8/2019 - 12:51 pm | View Link
  • U.S. banks' reluctance to lend cash may have caused repo shock: BIS
    The Treasury drained more than $120 billion of reserves from Aug. 14 to Sept. 17, reducing the cash buffers of the big four banks and hence their willingness to lend in the repo market, the BIS found.
    12/8/2019 - 4:27 am | View Link
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