“Hint: this is BIG NEWS, likely to affect everyone, although the media ignores it.
A researcher at the BIS, an authoritative association of central bankers, provides this simple explanation:”
“…The Bank of International Settlements (BIS) _reported _ that the overnight repo problems might stem from… four banks… being forced to fund a massive surge in U.S. Treasury issuance and therefore reallocat[ing]… funding from… hedge funds to the U.S.Treasury.”
I am unable to open the article from the above website. Try this (only a blurb):