Market Extra: 5 reasons why negative repo rates are different than the last overnight-funding crisis

Rates to borrowers in the overnight U.S. Treasury market went negative heading into Thursday, a situation BofA Global analysts were predicting would happen “by May,ā€ without tweaks from the central bank.

Rates to borrowers in the overnight U.S. Treasury market went negative heading into Thursday, a situation BofA Global analysts were predicting would happen “by May,ā€ without tweaks from the central bank.