Three reasons: T, G, & A ....
At its meeting ending on 17 March 2021, the MPC voted unanimously to maintain #BankRate at 0.1%. https://t.co/5O78q5m2Cu pic.twitter.com/55SHmVHAV4
— Bank of England (@bankofengland) March 18, 2021
Thursday, March 18, 2021
BOE maintains 0.1% rate with Fed
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2 comments:
As in treasury is issuing too many short term bills instead of longer term bonds to drain reserves?
They are issuing UST securities in excess of USD savings desires (fiscal deficit).... and yes has been using Bills mainly to accomplish this...
Causing non govt to finance 1.5T USTs that nobody wants or needs...
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