The Repo Market | Session 1

This is the first of three sessions on Scott Skyrm's 2023 book The Repo Market: Shorts, Shortages, and Squeezes.

https://www.amazon.com/Repo-Market-Shorts-Shortages-Squeezes/dp/1952991285/

From the description:

The Repo market is the most important market few people know about. It's a pillar of the financial system that's often misunderstood yet plays a vital role in the industry. If the financial markets are the engine that powers the economy, the Repo market is the oil that lubricates that engine.

This week, we discuss the first two parts of the book (pages 1–92):

History

• Introduction
• Early History
• Drysdale and the Dawn of the Modern Repo Market
• Broker-Dealer Bankruptcies And The Beginning of Tri-Party
• Shadow Banking

The Basics

• Classic Federal Reserve
• The Treasury Market
• Other Interest Rates
• Settlement & Clearing
• Fails