U.S. Fed seen launching repo facility in early 2020: Deutsche Bank

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U.S. Fed seen launching repo facility in early 2020: Deutsche Bank'We reaffirm our expectations that the Fed could test this facility later this year and launch it for full-scale operations in early 2020,' Deutsche Bank strategist Steven Zeng wrote in a research note published late on Friday. Fed policy-makers debated the merit of a repo facility in June. Other Wall Street analysts questioned whether a repo facility is necessary when the central bank may end its balance sheet normalization and restart its purchases of Treasuries sooner than it has planned.


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