Repo fails jumped by 50% in the latest weekly data, which just so happens to be the same week swap spreads plunged to record lows. It was also when the US economy, at least its labor data, took a turn for the worse. Understanding the connections between all these money and macro indications is critical.

Eurodollar University's Money & Macro Analysis

Financial Times New York Fed examines banks’ role in money market turmoil
https://www.ft.com/content/83a5bb70-dbca-11e9-8f9b-77216ebe1f17

FOMC Chair Powell Press Conference Transcript October 2019
https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20191030.pdf

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HOLY SH*T: SURGE in Repo Fails + Swap Spreads Plunging 19:55 Share

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HOLY SH*T: SURGE in Repo Fails + Swap Spreads Plunging