https://twitter.com/NorthmanTrader/status/1210280982819016705
Ergo why buybacks are so popular https://t.co/LrEpdxE0lo
— Michael Lebowitz, CFA (@michaellebowitz) December 26, 2019
Last week alone, the Fed bought another $28 billion in treasuries while continuing to sell mortgage-backed securities on net. Because it's mainly about deficit-funding, not just liquidity. Excess UST supply + dollar shortage = they will create dollars to buy UST for a long time. https://t.co/snFZgT7oii pic.twitter.com/ytmuEP0g1g
— Lyn Alden (@LynAldenContact) December 26, 2019
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