Repo How Roughly 1 Trillion Moves Overnight WSJ

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The repo market shook the financial world in September when an unexpected rate spike choked short-term lending, spurring the Federal Reserve to intervene. WSJ explains how this critical, but murky part of the financial system works, and why some banks say the crunch could have been prevented. • Illustration: Jacob Reynolds for The Wall Street Journal • More from the Wall Street Journal: • Visit WSJ.com: http://www.wsj.com • Visit the WSJ Video Center: https://wsj.com/video • On Facebook:   / videos   • On Twitter:   / wsj   • On Snapchat: https://on.wsj.com/2ratjSM • #WSJ #Repo #Economics

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