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Collateral Scarcity Explains Japanese Yen's Fall [Ep. 285, Eurodollar University]

Eurodollar University

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What Did the New Report Two Thousand Four Tell Us?

The fed has been collecting data all year on the uncleared bilateral bespoke repo market. What they found, it was kind of surprising to me, because i wasn't really thinking about it at the time. When i saw the chart for yo, i think it was figured four, whatever it was they found in the uncleared this part of the repo market that we're interested in, almost all of it was us treasuries. That's where all the action is. But then i stopped and remembered, wait a minute,. This is the fed collecting the data from the perspective of the repomarket for the perspective primary dealers. They're not gathering information on all the collateral for collateral swaps

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