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State Street triples repo book to become top US fund dealer

Counterparty Radar: Pimco trades boost Boston bank as sector volumes hold steady in Q4

state-street

State Street surged to the top dealer spot for non-cleared repo trades with US retail funds after more than tripling the size of its book in the fourth quarter of 2022.

The Boston-headquartered bank added approximately $7.6 billion in volumes, a 238% increase compared to its Q3 total. All its growth came from transactions with Pimco where the bond giant pledged US Treasuries as collateral.

Pimc

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