# September stress in dollar repo markets: passing or structural?

> A BIS Quarterly Review box examines the mid-September 2019 spike in US dollar repo rates, when SOFR more than doubled and intraday ranges reached about 700 basis points. It attributes the stress partly to a structural concentration of liquid assets among four marginal lender banks.

- Date: 2019-12-08 · published 2019-12-08T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/55759-september-stress-in-dollar-repo-markets-passing-or-structural
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Funding market stress mainly affects financial conditions and dollar liquidity rather than physical feed supply, so the direct effect on feed commodity prices is limited.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-07-30 | [Forex markets: Dollar, U.S. Federal Reserve in focus](https://feedsoft.ai/events/52297-forex-markets-dollar-u-s-federal-reserve-in-focus.md) | -0.3% | -0.5% |
| DXY | 2020-04-03 | [Dollar Funding Strains Ease in International Markets](https://feedsoft.ai/events/53821-dollar-funding-strains-ease-in-international-markets.md) | -0.9% | -1.0% |
| DXY | 2020-03-19 | [Why the U.S. dollar’s relentless rally is causing pain for emerging markets - MarketWatch](https://feedsoft.ai/events/7018-why-the-u-s-dollar-s-relentless-rally-is-causing-pain-for-emerging-markets.md) | +0.5% | -0.9% |
| DXY | 2022-11-10 | [EMERGING MARKETS-Brazil's real sinks 4%, other FX rally on dollar weakness](https://feedsoft.ai/events/38888-emerging-markets-brazil-s-real-sinks-4-other-fx-rally-on-dollar-weakness.md) | -1.6% | -2.8% |
| DXY | 2024-11-22 | [International corn market pressured by strong dollar](https://feedsoft.ai/events/6063-international-corn-market-pressured-by-strong-dollar.md) | -0.4% | +0.6% |

## Sources

- bis.org: https://www.bis.org/publ/qtrpdf/r_qt1912v.htm

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.