Inventory limits behind collapse in equity repo rates



To an outsider, the implied equity index repo rate might sound like one of the quiet backwaters of the financial markets. In fact, it’s a key risk measure for exotic equity desks, and is closely watched by their delta-one cousins as a signal of a classic arbitrage opportunity. It has also been anything but quiet. In recent months, the rate has collapsed to unheard-of levels, which traders say is a sign the usual relationship between these two different

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What gold's rise means for rates, equities

It has been several years since we have seen volatility in gold. An increase in gold volatility can typically be associated with a change in sentiment and investor behavior. The precious metal has surged this year on increased demand for safe haven…

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