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Elastic in Cash, Inelastic in Repo: Hedge Funds in the Treasury and Repo Markets

Reported by Papers.ssrn
Aug 26, 2026· 1 min read
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Demand, driven by hedge funds, is strongly inelastic: a 10% increase in borrowing costs reduces their borrowing by…

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Papers.ssrn Elastic in Cash, Inelastic in Repo: Hedge Funds in the Treasury and Repo Markets