US DATA: Fed asked special Qs on Bilateral Repos-….

US DATA: Fed asked special Qs on Bilateral Repos- “About two-thirds
of dealers indicated that the volume of bilateral repo funding they
provided over this horizon had remained basically unchanged for
high-grade corporate bonds, high-yield corporate bonds, commercial
mortgagebacked securities, and sovereigns other than U.S. Treasury
securities. For agency RMBS, non-agency RMBS, municipal securities, and
U.S. Treasury securities, net fractions of respondents ranging between
20 and 35 percent reported an increase. When asked about the fraction of
bilateral repo funding currently provided to clients rather than to
other dealers and financial intermediaries, responses varied widely.
About 20 percent of respondents indicated that the fraction was below 20
percent, about 60 percent of dealers indicated that the fraction was
between 20 and 80 percent, and about 20 percent of respondents placed it
between 80 and 96 percent.”