3 ms·
>The only way I gain is if the Fed pays me more than the treasury bill is worth. And since the Fed pays market price, this is difficult to do. The Fed is a lar
by pedrocr 13y ago
>The only way I gain is if the Fed pays me more than the treasury bill is worth. And since the Fed pays market price, this is difficult to do.
The Fed is a large enough new buyer that it will move the market price.