U.S. Fed seen launching repo facility in early 2020: Deutsche Bank

FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File Photo

(Reuters) – The Federal Reserve may launch a policy tool to lend to banks using Treasuries and other securities as collateral in early 2020, with possible testing to begin later this year, a Deutsche Bank strategist said. Such a standing fixed-rate repurchase agreement, or repo, facility would serve as a backstop against sharp spikes in […]

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