Wakson silva retweetledi

All the QE/QT/SOFR/repo stuff that's happening now is basically just like back in 2019, except now the Fed has a standing repo facility.
Both times, a rapid TGA refill was a big catalyst.
I have an explainer thread on the 2019 repo spike below, from back when it was happening.

Lyn Alden@LynAldenContact
#fed #repo #dollar #dxy thread w/ a couple new points about timing/catalyst related to cash repatriation and buybacks.
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