### POV, NYFR, REPO AND THE KITCHEN SINK....>

US TSYS: ### POV, NYFR, REPO AND THE KITCHEN SINK. Adding to the 0928ET POV:

WK'S REPURCHASE OPERATIONS QUESTIONS, indeed the NY Fed has moved to quell

further repo concerns by announcing $75B daily operations through October 10 and

three 14 day term operations of $30B each on 10/8, 10/10 and 10/11. 

- Excerpt: "The Desk will offer three 14-day term repo operations for an

aggregate amount of at least $30 billion each, as indicated in the schedule

below. The Desk also will offer daily overnight repo operations for an aggregate

amount of at least $75 billion each, until Thursday, October 10, 2019. Awarded

amounts may be less than the amount offered, depending on the total quantity of

eligible propositions submitted. Securities eligible as collateral include

Treasury, agency debt, and agency mortgage-backed securities. Additional details

about the operations will be released each afternoon for the following day's

operation(s)."

- Link for schedule and full note:

https://www.newyorkfed.org/markets/opolicy/operating_policy_190920