In September 2019, the repo market was looking like it did during the 2007 financial crisis. Then, the repo market seized up in mid-September 2019, with median repurchase rates skyrocketing from their...

In September 2019, the repo market was looking like it did during the 2007 financial crisis. Then, the repo market seized up in mid-September 2019, with median repurchase rates skyrocketing from their usual band of 2.00–2.25% to 2.46% on Monday, Sept. 16, and 5.25% on Tuesday, Sept.