strange Fed repo - something is going on?

10/25/2019
好像是美元流動性危機，美元短缺，美聯儲開始大量印美元應對。至於為什麽突然出現美元短缺，原因不清楚，一般人也無法了解。 The New York Fed announced it is increasing its temporary overnight repo operations to $120 billion a day from the current $75 billion. In addition to the repo increase, term repo operations are rising to $45 billion, from $35 billion A mid-September cash crunch in the repo, or repurchase, market led the Fed to conduct a series of repo and term repo operations to make sure that banks have the overnight funding they need at rates within the central bank's intended parameters. Funding constraints caused the repo rate to jump to as high as 10% from around 2%, while the funds rate briefly rose 5 basis points above its target range.