By Owain Johnson
The European repo markets navigated the traditionally challenging end-of-year funding cycle in an atmosphere of relative calm. But repo market participants are unsure whether that calm will persist throughout 2020.
A potential change of direction from new leadership at the European Central Bank (ECB), questions around how long negative rates can persist, and the likely impact of Brexit on U.K. and European policy all dominate the agenda for the new year.
Volatility levels have been relatively subdued in recent months on CME Group's BrokerTec platform, which handles the majority of European repo