Article
These Are The Biggest Players In The $13.5 Trillion Repo Market: How Hedge Fund "Basis Trades" & Money Market Funds Fit In
These Are The Biggest Players In The $13.5 Trillion Repo Market: How Hedge Fund "Basis Trades" & Money Market Funds Fit In
Authored by Wolf Richter via Wolf Street,
The size of the repo market has ballooned to over $13.5 trillion in outstanding agreements daily, according to the government's Office of Financial Research (OFR). Via the repo market, financial institutions borrow from, and lend to, each other mostly overnight, but also for longer periods, such as for one week, secured by high-quality liquid collateral with a "haircut."
About 70% of repos are...
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Jun 25, 2026 / Tyler Durden
Trump Requests $88 Billion Supplemental Funding Package Focused On Iran War Funds, Farm Aid, And Ebola Response
Trump Requests $88 Billion Supplemental Funding Package Focused On Iran War Funds, Farm Aid, And Ebola Response
President Donald Trump formally asked Congress on Wednesday for $87.6 billion in supplemental appropriations - your tax dollars (for our American readers) - to cover urgent needs stemming from the U.S. military campaign against Iran, provide economic relief to American farmers, and respond to the Ebola outbreak in Central Africa.
The request, sent in a letter to House Speaker Mike Johnson, comes as the administration seeks to replenish military stocks and address operational expenses from...
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Apr 16, 2026 / Tyler Durden
Hegseth: Hormuz Blockade Stays "As Long As It Takes" - Ships Now Fair Game For Search & Seizure
Hegseth: Hormuz Blockade Stays "As Long As It Takes" - Ships Now Fair Game For Search & Seizure
Summary
US Navy: vessels seeking entry into Hormuz Strait now fair game for boarding, search, and outright seizure - including for suspicion of 'contraband'.
Hegseth: US forces are ready to restart combat if Iran doesn’t agree to a deal & strait blockade to continue for as long as it takes. Already 13 ships have been turned around.
Iran's parliament speaker Mohammad Bagher Qalibaf calls ceasefire in Lebanon "as important as a ceasefire in Iran."
Heavy Israeli bombardment of...
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Apr 28, 2026 / Tyler Durden
Trump Belatedly Blasts Merz Over Pointed Iran War 'Humiliation' Remarks
Trump Belatedly Blasts Merz Over Pointed Iran War 'Humiliation' Remarks
President Trump on Tuesday belatedly hit back at Chancellor Friedrich Merz after on Monday the German leader told students in a talk that the United States is being “humiliated” by Iranian leaders, amid struggling on-and-off negotiations, and as a crisis in the Strait of Hormuz shows no signs of de-escalating.
Merz had said he didn’t see "what strategic exit the Americans are now choosing" while simultaneously describing that Tehran’s negotiators are proceeding "very skillfully - or indeed very skillfully not negotiating."
The result,...
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