tyb/s
See Repo process and Primary Dealer's for moar information about how this process works:
What is a Repurchase Agreement - Repo
A repurchase agreement (repo) is a form of short-term borrowing for dealers in government securities. In the case of a repo, a dealer sells government securities to investors, usually on an overnight basis, and buys them back the following day.
For the party selling the security and agreeing to repurchase it in the future, it is a repo; for the party on the other end of the transaction, buying the security and agreeing to sell in the future, it is a reverse repurchase agreement.
Repos are typically used to raise short-term capital.
https://www.investopedia.com/terms/r/repurchaseagreement.asp
Overnight Reverse Repurchase (ON RRP) Operations and Uncertainty in the Repo Market
https://www.federalreserve.gov/econres/notes/feds-notes/overnight-reverse-repurchase-operations-and-uncertainty-in-the-repo-market-20171019.htm
Primary Dealers
Primary dealers are trading counterparties of the New York Fed in its implementation of monetary policy. They are also expected to make markets for the New York Fed on behalf of its official accountholders as needed, and to bid on a pro-rata basis in all Treasury auctions at reasonably competitive prices.
https://www.newyorkfed.org/markets/primarydealers
Bitcoin Cash Explodes 50%(that was in our mkt but it continues as Asia opens) As Asian Algos Continue Crypto Buying-Spree
(at it again)
Bloomberg reports that the surge at the start of Asian trading on Tuesday was likely triggered by automated software set up to execute a $100 million trade across three exchanges, according to Oliver von Landsberg-Sadie, chief executive officer of London-based crypto firm BCB Group.
"Some people are in the camp where algorithmic trading is a manipulative device, and others are of the view that they are a way to make markets more efficient," von Landsberg-Sadie said. "I am definitely of the second view." BCB Group helps clients place large algorithmic trades to minimize market impact.
The number of algorithmic crypto traders has jumped in the last seven months, with 17 algo or quantitative funds started since September, according to Crypto Fund Research. They account for more than 40 percent of crypto hedge funds launched during the period, the firm said.
Bitcoin and Ethereum both broke above their 200DMAs and extended gains and Bitcoin Cash has now reached up to its 200DMA.
It is clear that this is anything but an 'April Fools' joke as so many mainstream media types tried to shrug off the action. The big moves have occurred as European markets opened, as US markets opened, and now as Asian markets opened.
rest at link
https://www.zerohedge.com/news/2019-04-02/bitcoin-inexplicably-explodes-higher-biggest-surge-years
tyb