... that despite the Fed's balance sheet expanding by more than $250 billion since April, mainly through the purchase of government bonds and notes, that the yields on the treasury bonds have increased significantly. Put differently, the prices of the long bonds have pulled back despite the Fed's best efforts.
The moral, the markets are more powerful than anybody, even a pseudo-government entity with the ability to create money by pressing the return key.
The moral, the markets are more powerful than anybody, even a pseudo-government entity with the ability to create money by pressing the return key.
No comments:
Post a Comment