Shortage Of 10-Year Treasuries Hits Record Levels: Repo Rate Plunges To Historic Lows
Yesterday, when looking at the suddenly tumble in the repo rate of the 10 Year, which we noticed that it had drifted sharply into "super duper" special territory, and which according to SMRA was bid at -1.75% while CA saw it as low as -2.75%, we asked: is a major Treasury squeeze on deck."