300 paywall jumps via this link. Be quick or be uninformed about repo. as.ft.com/r/e3ded4c9-0...
as.ft.comThe repo market is the ‘dark matter’ of finance: powerful and perilousHow worried should we be about the multitrillion-dollar market’s influence over the cosmos of central banks, bonds, pension plans and private credit firms?
And lo, an essay on the the repo market and why it is like the "dark matter" of modern finance: vast, omnipresent, powerful and hidden — and therefore most easily observed through its impact on other bodies. www.ft.com/content/8a7e...
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