An odd WSJ article on the US repo market

Investment Banks’ Secret Cash Cow
Jon Sindreu
Nov. 23, 2018

Investment banks have made a nice little money-spinner out of a once broken trading strategy: The repo. But now that the secret is out, it risks losing its force.

Repo desk revenues at the top-12 investment banks grew 21% between 2015 and 2017, data by research firm Coalition shows, even as overall income fell 6%. Traders say they’ve become highly profitable, too.

The full article is available at https://www.wsj.com/articles/investment-banks-secret-cash-cow-1542972035

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