Adrian Casillas is a recent graduate from the University of Texas at Austin where he received a BS in Mathematics, a BA in Philosophy, and a BBA in Quantitative Finance.His research experience includes topics related to governance and regulation of capital markets, portfolio theory in emerging markets, and the application of mathematical optimization methods in asset pricing and equity indexing.
Repo Market: No major spikes in rates. Average daily intervention since 9/17 jumps to $65bn; Fed commits to overnight repo operations at least through January 2020; Several FOMC members suggest introducing standing repo facility.
Repo Rates: Rates continue to stabilize. Fed Open Market Operations: Average daily intervention softened to $47bn this week from $86bn prior. Fed Balance Sheet: Total assets up $185bn since 8/28; Reserves up $101bn since start of turmoil.