An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Thursday, March 18, 2021
BOE maintains 0.1% rate with Fed
Well then why are US 10-yr rates almost a full percentage point higher?
As in treasury is issuing too many short term bills instead of longer term bonds to drain reserves?
ReplyDeleteThey are issuing UST securities in excess of USD savings desires (fiscal deficit).... and yes has been using Bills mainly to accomplish this...
ReplyDeleteCausing non govt to finance 1.5T USTs that nobody wants or needs...