Congress Terminates Fed’s Emergency Lending Program

In today’s show, you will learn why Congress terminated the Fed’s Main Street Lending Program, how the Fed proved Steve right, what the Chicago National Activity Index says about the U.S. economy, how today’s 20-year Treasury Bond auction went, how hedge-fund managers are positioned in the futures market with a focus on Treasuries and the Dollar, and why contracting credit leads to lower Treasury yields.

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