Infographics: TGA Repos

the mechanics of the U.S. Treasury deploying excess government cash (from the Treasury General Account) into repo markets

20 hrs ago • Conks

34

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July 2026

Infographics: Modern Bank Regulatory Arbitrage Trades, Flows & Mechanics

an in-depth look at regulatory arbitrage conducted by banks

Jul 31 • Conks

48

2

6

Plumbing Notes: The Equity Repo Mania

volatility has emerged in the most esoteric $ funding market

Jul 12 • Conks

75

5

Infographics: Trades & Flows In The Equity Repo Complex

trades & flows that make up the market for leveraged equities exposure(s) a.k.a "equity repo"

Jul 3 • Conks

62

5

June 2026

Plumbing Notes: The Repo Rebound

pressures in $ funding markets are lingering

Jun 23 • Conks

55

2

5

Infographics: The FHLB (Federal Home Loan Bank) Money Market Nexus

federal home loan banks’ (FHLBs) options for providing liquidity in money markets

Jun 17 • Conks

34

3

Infographics: The Equity Repo Complex

trades that determine financing rates for equities i.e. leveraged stock market exposure(s), known collectively as "equity repo"

Jun 14 • Conks

49

3

Primer: The SOFR/FF Basis

a thorough introduction to SOFR-FF (SERFF) with examples

Jun 10 • Conks

116

13

May 2026

Plumbing Notes: The Fed's Overshoot

a cash flood may prompt a pause in liquidity injections

May 24 • Conks

94

4

6

Plumbing Notes: Statecraft & the TGA

a new type of Treasury-Fed accord

May 12 • Conks

64

2

Plumbing Notes: The Warsh Prelude

a calm before a (tepid) storm in money markets

May 4 • Conks

61

4

4

April 2026

Plumbing Feed: Swaps & Interventions

a roundup of posts from the Conks feed in article form

Apr 29 • Conks

60

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