Repo Watchers Worry More Trouble Brewing in Fourth Quarter
- ‘Confluence of events could be much worse,’ says TD’s Misra
- Fed repo actions end Oct. 10, concerns over reserves persist
A worker walks past the Marriner S. Eccles Federal Reserve building in Washington, D.C.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
Last month’s surge in overnight funding rates arose from a perfect storm. Other squalls may arise before year-end.
The Federal Reserve’s temporary cash injections prevented a repeat of the funding squeeze on Monday, the last day of the third quarter and a moment recent history suggests could’ve been stressful.