On Sept. 17, the rate on overnight Treasury-funded US repurchase agreements,1 or repos, jumped to an average of 5.25% from 2.43% the day before, with some trades settling as high as 9%. The move lifted the headline rate to more than twice its average in the previous year, an unusual spike in a relatively stable market. […]
The term “megatrend” was coined by US political scientist and author John Naisbitt at the start of the 1980s. It refers to powerful macroeconomic transformative forces that have a major impact on countries, businesses and societies around the world, disrupting the way products and services are produced, delivered and consumed.