Monitoring REPOs & Interbank rates

Water Cooler Careers
#1

Hi everyone, I would like to ask for your help regarding monitoring USD REPOS and interbank borrowing/lending rates with counterparties. My team in the bank is currently thinking of a way on how to monitor our treasury’s deals with counterparties if the rates that they entered in are within fair value. Just in case:

  1. do you have any suggestions on which reference rates to look at that will serve as a reference with regards to USD Repos and Interbank rates

  2. any method that you recommend in monitoring these rates?

  3. with regards to Special Repos (low rates or even negative rates), is there a clear cut way on differentiating them with the regular REPO transactions?

Many thanks!

#2

I’m fairly certain that there is a Bloomberg composite price for this.

#3

Thank you Ohai. for the meantime, I’m looking at USRG1T repo rates in Bloomberg. trying to validate with people around if this is a sound reference for USD Repo transactions with counterparties.