3 ms·
As long as auctions maintain a BTC ratio over 1.0 with short tails, the appetite is effectively insatiable, especially at the enormous rate of issuance over the
by haploid 16y ago
As long as auctions maintain a BTC ratio over 1.0 with short tails, the appetite is effectively insatiable, especially at the enormous rate of issuance over the last few years.
- wtn 16y ago"For the duration of QE2, the Fed has been buying 70% of all new Treasury-bond issuance, and foreigners have been buying the other 30%. When the Fed stops buying, who will step in to replace it? After all, with a $1.5 trillion budget deficit, there’s a lot of new supply coming." -- Felix Salmon, Reuters
- mistermann 16y agoExactly.