Reserves or Collateral? Identifying the Source of Repo Market Pressure with Treasury Cash Flows
Treasury debt settlements, not reserve scarcity alone, explain recent repo-market pressure, with 100 billion in settlements raising the SOFR-IORB spread by 4.3 basis points.
Featured in No. 137 on 30 Oct 2026 · 3 days after release
- Released
- 27 Oct 2026
- First featured
- No. 137 · 30 Oct 2026
- Published in
- Not yet, as far as Semantic Scholar knows
- Fanfare
- 3 of 5
- Identifier
- SSRN 7675064
- Authors
- Illia Kyslytskyi
Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).