clarification on meaning of reverse repo: an agreement between two parties where one party sells a financial asset (a security) to a counterparty, and agrees to buy it back from them at a specified price on a specified date in the future. (eg. If you buy this apple for 5 bucks now, in return i'll agree to buy it back from you tomorrow for 6 bucks.)
seller/buyback party; unknown, more info needed.
Information available suggests one party has sold 1.224 trillion US dollars worth of securities, today(09/20/2021) to combined 77 different counterparties, and agreed to buy it back tomorrow (09/21/2021). for a .05% increase over original price sold for. (math may be wrong, not an accountant)
original seller will buy back securities for original price plus 61.2 billion US.
clarification on meaning of reverse repo: an agreement between two parties where one party sells a financial asset (a security) to a counterparty, and agrees to buy it back from them at a specified price on a specified date in the future. (eg. If you buy this apple for 5 bucks now, in return i'll agree to buy it back from you tomorrow for 6 bucks.)
seller/buyback party; unknown, more info needed.
Information available suggests one party has sold 1.224 trillion US dollars worth of securities, today(09/20/2021) to combined 77 different counterparties, and agreed to buy it back tomorrow (09/21/2021). for a .05% increase over original price sold for. (math may be wrong, not an accountant)
original seller will buy back securities for original price plus 61.2 billion US.
‘Worth’ is the weasel word