Cryptocurrency: Fed Plays $225B in Interbank Repo

[grarpamp at gmail.com (grarpamp)]

Investors and cryptos watching random charts this week...

https://www.zerohedge.com/markets/fed-has-lost-control-rates-again

https://pbs.twimg.com/media/EE1gNvNWwAAXjXZ.jpg

https://www.newyorkfed.org/markets
https://www.newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements
https://apps.newyorkfed.org/markets/autorates/tomo-results-display?SHOWMORE=TRUE&startDate=01/01/2000&enddate=01/01/2000

https://twitter.com/biancoresearch/status/1173934708863983617

https://www.ft.com/content/345da16e-d967-11e9-8f9b-77216ebe1f17
https://archive.is/PbCtz
One of the most important sources of financial market lubrication came
under severe strain this week, raising concerns that the Federal
Reserveâ??s attempt to unwind post-financial crisis intervention may
have gone too far.
Repurchase agreements are the grease that keeps the financial systemâ??s
wheels spinning, allowing different market participants to borrow and
lend to each other to cover short-term cash needs.
On Tuesday, the wheels stopped turning. The so-called repo rate soared
to a high of 10 per cent, when it typically trades in line with the
Federal Reserveâ??s target interest rate of between 2 per cent and 2.25
per cent. The New York branch of the Fed had to step in and inject
tens of billions of cash into the system in an attempt to restore
order, doubling down on Wednesday with a second short-term injection.