Heurist Finance

Treasury repo borrowing costs jump as short positions build

Bloomberg · 5 hours ago
  • The cost to borrow key short-term Treasuries jumped in repo as investors loaded up on recently issued securities to set short positions.
  • The repo pressure supports next week's US government debt auctions by making short positions in the new securities more expensive.

Quotes

“The cost to borrow key short-term Treasuries is jumping as investors load up on certain recently issued securities to set short positions”— Bloomberg
“a move that could support next week’s US government debt auctions”— Bloomberg

Sources