Repo details from the Fed
The limit will be at $60 billion but there will be new limits for some daily repos. There will also be $365B of term repos to provide funding through January.
That's a lot of liquidity. I've been skeptical on the talk of the impact of extra liquidity on markets but I think I was wrong. Blackrock's Rick Reider -- who is as smart as anyone on Wall Street -- was saying today that they've had a huge impact.
