๐ US Treasury Explores DLT-Based Intraday Repo โ But Will Lenders Show Up?
A Treasury Borrowing Advisory Committee (TBAC) presentation sizes a potential intraday repo market at $100Bโ$385B, with bank-held collateral forming a $2.1T theoretical ceiling.
โข Lenders could earn about $1,200 for parking $1B in cash for three hours (30-40bps)
โข Framed as a fix for banks' costly intraday reserve buffers
โข Report admits lender incentives are "less solid" and wide adoption is "likely years away"
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