---
title: Elastic in cash, inelastic in repo: Hedge funds in the treasury and repo markets
url: https://www.ml-quant.com/papers/repec/zbw-safewp-343098/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: RePEc:zbw:safewp:343098
source_url: https://econpapers.repec.org/RePEc:zbw:safewp:343098
featured: 2026-09-25
citations: unknown
topic: Trading, Microstructure & Execution
---


# Elastic in cash, inelastic in repo: Hedge funds in the treasury and repo markets

Using German sovereign bond repo data, the research shows hedge funds are price-elastic in cash markets but highly inelastic in repo, inheriting elasticity from their cash-market counterparties.

- Source: https://econpapers.repec.org/RePEc:zbw:safewp:343098
- Identifier: RePEc:zbw:safewp:343098
- Released: 2026-09-17
- First featured: Quant Letter No. 132 (2026-09-25): https://www.ml-quant.com/issues/2026-09-25/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Trading, Microstructure & Execution
- Authors: Poinelli, Andrea, Pelizzon, Loriana, Tomio, Davide, Nguyen, Benoit, Linzert, Tobias

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