Pimco Total Return Fund reduces cash & repo in favor of futures exposure. Are they feeling the lack of liquidity in repo?
US regulators propose margin rules on non-cleared derivatives. Did they give non-financial end users a pass or not?
Thursday news roundup: defining liquidity, Moody’s, seclending CCPs, non-bank financial credit providers
TRS as the next financing tool? Reuters and the FT have the story and we have some conclusions (Finadium subscribers only)
OTC Derivatives Market Notional Tops $700 trillion. But Gross Credit Exposure — the number to watch — drops to $3 trillion.
A look at the new ISDA Margin Survey: cash vs. securities and who is doing the collateral optimization
Tri-party equity repo jumps up 40% yoy as repo desks shift to more volatile collateral in search of P&L. But will the Fed look kindly?
The Liberty Street Economics Blog takes a look at the funding crisis of 1763. Is it déjà vu all over again?