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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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From: Patrick Slevin	3/20/2008 3:41:32 PM
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Repo Failures March 20 (Bloomberg) -- Surging demand for U.S. Treasuries is causing failures to deliver or receive government debt in the $6.3 trillion a day market for borrowing and lending to climb to the highest level in almost four years. Failures, an indication of scarcity, surged to $1.795 trillion in the week ended March 5, the highest since May 2004, and up from $374 billion the prior week. They have averaged $493.4 billion a week this year, compared with $359.6 billion over the last five years and $168.8 billion back through July 1990, according to Federal Reserve Bank of New York data. bloomberg.com

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