Repo Madness—A Deep Dive Into Why It Happened

These days banks have a larger percentage of their funding borrowed in the term markets by issuing CDs, medium-term notes, and even bonds. Since banks manage their tenure mismatch much better, they are not as susceptible to the classic “run on the bank.” However, in recent years, new categories of financial institutions have popped-up that are more susceptible to “bank runs.”

 

 

 

 

 

 

 

https://www.zerohedge.com/markets/panic-repo-one-worlds-top-repo-experts-explains-what-really-happened