What’s Up With The Perturbations In Collateral, Reverse Repos, T-bills and Gold

Besides the scarcity of t-bills, there has also been the curious flow of UST to Belgium and Euroclear. Despite the name it is not at all clear why Europe is such dire need of UST to settle trades. It could very well be, given the persistence of lower revenue news out of banking recently, that derivatives trades are being recollateralized....
To access this post, you must purchase Monthly Subscription, Quarterly Subscription or Annual Subscription.