oooof getting flashbackshttps://twitter.com/EpsilonTheory/status/1174007538603503618 …
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i dont know what this means but repos kicking up past 10% seems no bueno
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Replying to @eigenrobot
if its a one day blip not much, somebody made ~0.03% on a one day loan when they usually make ~0.006% if its not a one day blip it could take down the banks
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Replying to @eigenrobot
a 'repo' is a treasury repurchase agreement. i sell you a tbill with the agreement that i will buy it back tmr for slightly more the article argues that lack of tbills is creating a liquidity trap
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Replying to @gearzimodo @eigenrobot
maybe its one of those 20 sigma flash crash events that happens because some liquidity optimization system had bugs maybe a bank somewhere just needed a shitload of short term liquidity because its about to explode idk
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I know what repos are just far enough from finance at this point I dont trust myself to interpret this datum :)
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