The US labor market appears stagnant.
Job creation in April was 115,000, following 185,000 in March and a 156,000 loss in February. However, these figures should be viewed cautiously due to annual restatements that typically eliminate 0.8-1.2 million jobs, equivalent to about 100,000 in average monthly additions historically. This pattern often creates an illusion…
It forms part of the FSB’s broader work on non-bank financial intermediation (NBFI) resilience and assesses structural risks in the repo (repurchase agreement) markets backed by government bonds—the dominant segment of the global repo market.
Market Size and Composition (as of end-2024)
Government bond-backed repo outstanding totaled approximately $16 trillion, representing roughly 80% of…
Analyse de marché