Re Repo’s my guess is that it is related to the Saudi news, somebody, or some people have their ares in the gluepot, somehow..
Could be CDS or some other derivative on Saudi, some how, that one or more of the big banks have sold, could be Oil related…all we know is that it wasn’t there before last weekend and suddenly it is.
Also have never seen the mkts in such lockdown, they just ain’t moving, everytime a move starts it gets hammered back…sure looks like the scum have to make sure there is no run starting.