We told you that the repo market would be wiped out when the US cut its rates to Zero. It had happened.
Repo Market Data:
22 July - Zero deal!
23 July - Zero deal!
24 July - Zero deal!27 July - Zero deal!
Reverse Repo Market Data:
22 July - Zero deal!
23 July - Zero deal!
24 July - Zero deal!
27 July - Zero deal!
Like we said before, we're not always right but we're also seldom wrong. Therefore, when we tell you something, you better pay attention.
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