I think we would have other information (rumors, etc) if there were a large bank in trouble and, AFAIK, most repo is tri-party reducing risks further. Another

I think we would have other information (rumors, etc) if there were a large bank in trouble and, AFAIK, most repo is tri-party reducing risks further. Another reason I feel this is not a single name problem is that the spread of FF to IOER had been rock stead until 2018 when FF began to trend from -15bp to parity/+5bp. So this pressure has been around awhile now.