Short-Term U.S. Rates Rise Post-Fed as Dealers Work on Year End

  • DTCC repurchase index reaches its highest level since 2009
  • Yields on Treasuries of all maturities climb amid auctions

A measure of U.S. short-term borrowing costs reached the highest level since 2009 as the Federal Reserve’s policy tightening combined with the typical bent of dealers to shore-up balance sheets at the end of the year.

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