WSJ: Spread between Fed-Funds, UST Repo Rates Holds; DTCC repo capital requirement rises to US$74 billion

Gap Between Fed-Funds, Overnight Treasury Repo Rates Holds

A key overnight borrowing rate used across Wall Street still lags behind the policy benchmark the Federal Reserve voted to lift Wednesday by a quarter percentage point, highlighting changing forces at work in short-term interest-rate markets.

The full article is available at https://www.wsj.com/articles/gap-between-fed-funds-overnight-treasury-repo-rates-holds-1489773977

Cost of Repo Safety Net Hits $74 Billion

The price of a safer financial system is going up.

The tab for backstopping a type of short-term lending on Wall Street known as repurchase agreements has risen to $73.84 billion, according to a filing this month by Depository Trust & Clearing Corp., which operates the clearinghouse that facilitates trading in that market.

The full article is available at https://www.wsj.com/articles/cost-of-repo-safety-net-hits-74-billion-1490014800

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