Journal Article

Repo rate patterns for new Treasury notes


Abstract: Despite the enormous popularity of the market for repurchase agreements, the behavior of interest rates on \\"repo\\" transactions is not well understood. An analysis of new data for 1992-95 reveals that repo rates on recently issued Treasury notes rise and fall in a regular pattern as the Treasury auction cycle progresses.

Keywords: Government securities; Treasury notes;

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Provider: Federal Reserve Bank of New York

Part of Series: Current Issues in Economics and Finance

Publication Date: 1996

Volume: 2

Issue: Sep

Order Number: 10