Cost of borrowing U.S. Treasuries in repo market goes negative, indicating stress - analysts
(In 2nd and 7th paragraphs, corrects repo rate to -3% to -4%) NEW YORK, March 4 (Reuters) - The cost of borrowing U.S. Treasuries in the overnight repurchase agreement, or repo market, went negative on Thursday, analysts said, caused by the recent bond market sell-off and suggesting stress in money markets. That repo rate, which is typically positive, was -3% to -4%, two analysts said. Negative repo rates typically occur when a particular collateral security becomes in demand - in this case analysts pointed to the 10-year Treasury - or there is a reduced supply in the repo market. In order to...