U.S. repo rate rises on Greece debt jitters

The impasse between Athens, and European officials and international lenders nearly sealed the chance the Greek government would miss its $1.77 billion repayment to the International Monetary Fund on Tuesday. Greece's debt mess has complicated the typical quarter-end move among banks and dealers to fund their balance sheets and money market funds and other investors to conserve cash to meet reporting and regulatory requirements. In anticipation that Greece's problems won't be resolved anytime soon, some banks and dealers locked down longer-term financing earlier than usual in the $5 trillion repurchase agreement market, where they pledge Treasuries and other securities as collateral in exchange for cash from investors, analysts said.

U.S. repo rate rises on Greece debt jitters source: http://finance.yahoo.com/news/u-repo-rate-rises-greece-160710555.html