Here come the reserves!

These people keep saying they are going to do this and it just never happens;  they said the same thing in 4Q and the TGA balance probably increased.

Monday DTS actually shows TGA  increased towards $1.7T again as UST issuance swamped redemptions. 

This .... ON THE SAME F_CKING DAY .... they made this big big announcement they were going to be reducing it....  SAME .... F_CKING....  DAY...  (and I’m not making this up why would I make this up? Don’t have to...) 

This would be easy to adjust if they really want to reduce TGA then just reduce the rate of issuance but they seemingly just won’t do it;  they look instead determined to hold the balance of reserves at Depositories to < $3.2T.....  so this is hard to understand with these moron people as usual.... 🤔

Buckle up, buttercup. Here come the reserves!@Quillintel @SoberLook

cc @bondstrategist @Stimpyz1 pic.twitter.com/9vGkkxY0WJ

— Danielle DiMartino Booth (@DiMartinoBooth) February 2, 2021