Relevant:
- Fed's Effort To Roll Snowball Uphill Is Failing
- U.S. Treasury Plans Floating-Rate Notes in Year or More
- US deficit up 15.7% in first half of fiscal 2011
- Treasury to Begin Selling Its $142 Billion MBS Portfolio
- Bloomberg Report That Banks Double Treasury Purchases Is Misleading And No Cause To Celebrate
2009-04-06 — blogspot.com
"The Fed's problem is that the market realizes that $300 billion in Treasury buybacks is just a drop in the bucket compared to $2.5 trillion in estimated net Treasury issuance this fiscal year," said strategists at UBS Securities.
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