With O/N Repo continuing to rise and with U.S. Treasury yields rising as well, dollar falling, gold falling, the question becomes is funding tightening here and if so how long can the controllers hold up the equity markets? Rising rates will punish late to the party buyers here as far as we are concerned.
Here is a chart of the Repo which hit $56.1 Billion avg of the last 5 days was $47.6 Billion:
O/N Repo's Continue to Climb, Stress?
With O/N Repo continuing to rise and with U.S. Treasury yields rising as well, dollar falling, gold falling, the question becomes is funding tightening here and if so how long can the controllers hold up the equity markets? Rising rates will punish late to the party buyers here as far as we are concerned.
Here is a chart of the Repo which hit $56.1 Billion avg of the last 5 days was $47.6 Billion: