The Repo mkt is the ultimate canary….to this day it is barely reported, you’ll see nothing about in any papers, or normally on CNBC, as rarely does much happen…..it is really boring, until something goes wrong and then because of the participants, it means that there is serious trouble out there.
This squall may blow over….but if it doesn’t, it won’t be nice….but one thing u can guarantee if the end times start, they will be reflected in the Repo mkt.