Fed’s Emergency Repo Operation Oversubscribed As Repo Rates Spike To December High

“Keep an eye on the repo rate over the next few hours for an indication if today’s $100 billion liquidity drain will overpower the Fed’s preemptive liquidity tsunami, in effect triggering Zoltan Pozsar’s worst-case scenario.”

https://www.zerohedge.com/markets/feds-emergency-repo-operation-oversubscribed-repo-rates-spike-december-high