The banks are not following the Fed lead… Did that cause the Repo market issues?
Joel Elconin, Co-Host of the Benzinga Pre-Market Prep Show kicks off today with his thoughts on what drove the issues we saw in the repo markets last week. These drivers include banks not following the Fed in cutting rates but also the Fed’s lack of direction is contributing. We also discuss the seasonality at play with the Jewish holiday of Rosh HaShana starting early next week and the moves in oil ever since the attacks.
Click here to visit the Benzinga website and listen to the recordings of Joel’s show.