Blackrock is managing the fund. The trades will be executed, as usual, with Primary Dealers. The Fed put out a list of accepted counterparties, and at a quick glance, virtually all of them were Primary Dealers.
The direct outright purchases of in…
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
The Fed has backed itself not into a corner but to the edge of a precipice.Though the Federal Reserve never stated its Grand Bargain explicitly, their actions have spoken louder than their predictably self-serving, obfuscatory public pronouncements.&nb…
The New York Fed today announced that the Secondary Market Corporate Credit Facility (SMCCF) will begin buying corporate bonds on June 16.
And that’s just the stock market.
Dicsucs.
Fed QE: $1.739 B Coupon Purchase 2020-06-15 NY Fed treasury securities operations
Fed QE $2.401B TIPS Purchase 2020-06-15 NY Fed treasury securities operations
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
Some interesting movements in demand for gold coins in recent months, worth watching:Price is up, and volume of sales is quite volatile. Still, sales are hitting highs.Following weaker y/y January and February, March 2020 sales rose almost x10 y/y in v…
Federal Liabilities surpassed 100% of GDP for the first time in at least six decades. The quarterly Z1 data gets worse from there. Here’s where we’re headed and what it means.