Stock Market Today: U.S. Indexes Move Higher Friday
A cyber attack on China's biggest bank affected the repo market, where banks and other financial institutions exchange trillions of dollars tied to Treasurys overnight. More than $62 billion of U.S. Treasury trades failed t
Cyber attack on China’s largest bank affects the repo market where banks and financial institutions overnight exchange trillions of dollar tied to Treasurys.
According to DTCC, more than $62 billion in U.S. Treasury transactions failed to deliver. This is the highest number since March. Either sellers did not send securities, or buyers didn't get them on time to settle a transaction.