Steve Sosnick, Interactive Brokers’ chief strategist, discusses the various headlines in the news about the Repo Market. He also explains what these points mean for the average investor.
Video Length: 00:04:42
Steve Sosnick, Interactive Brokers’ chief strategist, discusses the various headlines in the news about the Repo Market. He also explains what these points mean for the average investor.
Following the taping of this video, the Federal Reserve Bank of New York said it would conduct an overnight repurchase agreement (repo) operation with Primary Dealers for up to US$75bn to help maintain the fed funds rate within the target range of 2-2.25%.
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