REPORT ABUSIVE REPLY
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Message Subject
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30 yr T-Bond sale yesterday a bust?
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Poster Handle
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Peter dribble |
Post Content
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Who is Auctioning debt? The Fed? NO, it is the Treasury. Do not confuse the Federal Reserve and the Treasury.
The fed has always purchased debt to add liquidity or with forced a buy back, "reverse repos" to drain reserves. The feds balance sheet is down about 300 billion since the high.
The Bond/note rates/prices are a function of the free market. Bond Vigilantes, or all the world's investors/foreign banks.
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