The Great Fed/Treasury Circle Jerk

19 Feb

The Fed – Buying Other Peoples’ Money With Other Peoples’ Money

From last Thursday, the the US Treasury so generously issued $16 billion in 30 year bond (Cusip: QZ4)…

to today’s POMO, when the Fed so generously monetized some $39 million of the same CUSIP, after the obligatory settlementin the hands of the Primary Dealers of course.

When something can’t go on, it won’t…

Zero Hedge

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