Rising hedge fund leverage affects monetary policy implementation

R. Jay Kahn () and Matthew McCormick
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R. Jay Kahn: https://www.federalreserve.gov/econres/r-jay-kahn.htm

Dallas Fed Economics from Federal Reserve Bank of Dallas

Abstract: The structure of the Treasury and repurchase agreement (repo) markets has changed over the past decade in ways that alter how administered rates pass through to market rates.

Keywords: hedge fund leverage; monetary policy; spreads; Treasury yields (search for similar items in EconPapers)
Date: 2026-05-28
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Persistent link: https://EconPapers.repec.org/RePEc:fip:d00001:103350

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