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SMLL - OpenMarkets Weekly: The Importance Of Repo Markets
Direxion Daily Small Cap Bull 2X Shares
By Jack Bouroudjian
At a Glance
The repo market allows banks, broker dealers and hedge funds to borrow cheaply
On average, about $2-4 trillion in repos are traded each day
At the onset of the coronavirus crisis, the Federal Reserve relied on repurchase agreements, or repos, as a large part of its early intervention. At their peak in March, there were around $500 billion in repos outstanding. Repos are an important part of the financial system, but are often misunderstood.
A repo is a short-term secured loan. A party sells securities to another