Stress in US repo market?

https://finance.yahoo.com/news/2-u-10-treasuries-borrowing-012146344.html

The US 10-year repo rate has just turned NEGATIVE!

Basically, the US repo market has no liquidity nowadays and we've already expected this.

http://sg-stock.blogspot.com/2020/07/the-us-repo-market-is-dead-which-is.html

It's been a long time since we've last looked at the US repo market.

As we can see from the screenshots, there is virtually no liquidity in the US short-term repo market.

Therefore, in order for the long-term repo (10-y) to dive into the negative territory will require massive shorts.  The investors are expecting the US treasury yields to continue to surge by shorting in the repo market.

We could see that the 10-y treasury yield had surged to 1.54% yesterday which was caused by the repo short.