### Comment:
I've been watching the 99th percentile here. Spiked after a drop in lending. Something isn't normal.  
  
 https://apps.newyorkfed.org/markets/autorates/obfr

### REPLY:
Is it possible there's only 1 or 2 bad apples in the repo market and they are the ones driving up average yields.  Maybe contagion risk isn't widespread but it's a widely circulated bank about to crater.  DB has taken a beating for years

### END.