With a week to go before April 15, GC repo rates remain undisturbed from their recent elevated fashion. The rate of decline has also slowed appreciably, down to just a few pips today, as volume continues to be stable at an also raised level (compared to recent conditions). And despite the FOMC minutes, the eurodollar curve has only moves 1-2bps in any direction, meandering more than convicting one sentiment or another.

ABOOK April 2015 Repo Watch GCFABOOK April 2015 Repo Watch Volume