At close of Q1, financing cost more relative to unsecured lending than at any other time since October 2012, but rate swing is expected to be temporary.

Indicators suggest the markets for money funds, repo agreements, and commercial paper may finally be bottoming out.

Indicators suggest the markets for money funds, repo agreements, and commercial paper may finally be bottoming out.

In Q4, currency volatility subtracted $18.7B from U.S. earnings.

In Q4, currency volatility subtracted $18.7B from U.S. earnings.

'Worst of all possible worlds for savers' may push T-bill rates below zero.

'Worst of all possible worlds for savers' may push T-bill rates below zero.

Slide in repo rates a result of U.S. Treasury effort to reduce cash balance by mid-March.