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    March 12, 2020

    The New York Fed Announced A New Repo Program. What Does That Mean?

    The repurchase agreement, or “repo,” market is an obscure but important part of the financial system that has drawn increasing attention lately. On average, $2 trillion to $4 trillion in repurchase agreements – collateralized short-term loans – are traded each day. But how does the market for repurchase agreements actually work, and what’s going on […]

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