Macro Hive Conversations With Bilal Hafeez cover image

Alfonso Peccatiello (Alf) on Money Printing, US Risks and ECB Surprises

Macro Hive Conversations With Bilal Hafeez

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Reverse Repose

Pension funds used a lot of reverse repose. They get all this cash and they say, well, but can you give me some collateral where i can literally lend you this cash over night? So they there looking for these french bonds as collateral for a reverse repo transaction. And ster levels, just for the benefit of the audience, is what? It's a negative 55 at this stage, minus 55 basis point. That entitiis financial institution of banks, asset managers, pension fund are looking to get rid of those assets.

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