This set of posts is amazing. I read your explanation on how the TGA drawdown is partially responsible for the increase in the ON RRP rates, however you also mention in this chartbook that "repo specials are a fairly common occurrence, but pronounced and frequent ones can suggest some things about the market. For example, one possible cause would be heavy short-selling of US Treasuries." There is prevailing sentiment that Citadel and other HF's are behind this trade is a post here https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/. Do you think there is any validity to what is posted there?
This set of posts is amazing. I read your explanation on how the TGA drawdown is partially responsible for the increase in the ON RRP rates, however you also mention in this chartbook that "repo specials are a fairly common occurrence, but pronounced and frequent ones can suggest some things about the market. For example, one possible cause would be heavy short-selling of US Treasuries." There is prevailing sentiment that Citadel and other HF's are behind this trade is a post here https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/. Do you think there is any validity to what is posted there?