Here are 5 things to know about the recent repo market operations

Chaos in short-term funding markets this week led the Federal Reserve to step in with a series of overnight rescue operations to help keep credit flowing through the financial system.

Here are five things to know about gyrations in overnight lending rates, which several times in the past week spiked to almost 10%. The strain forced the Fed to open three daily borrowing facilities, so far, to add juice to funding markets.

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Author: Monetary Gold