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Market Facts — May 18, 2004

A Review of Leverage Measures in the Bond Market If one examines measures of leverage in the bond market, they all give the same answer – the bond market still has a record amount of leverage. The size of the repo and futures market is still near a record and the net borrowings by the… Continue reading Untitled

Open A Review of Leverage Measures in the Bond Market
If one examines measures of leverage in the bond market, they all give the same answer – the bond market still has a record amount of leverage. The size of the repo and futures market is still near a record and the net borrowings by the primary dealers are three times larger than just a few years earlier.