Yesterday the supreme absurdity of having the Fed buy 10 year Bonds two hours before
the Treasury sold 10 year bonds (which obviously priced at terrific terms as
there was a $4 billion hole created courtesy of the Fed if only for 2 hours).
Today, the lunacy continues. The Fed has just bought $2 billion
in 30 year bonds just two hours before the Treasury
sells $13 billion in 30 year paper. The
ponzi has become so glaring they don't even care to hide it any longer.
No comments:
Post a Comment