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Fed to advance Treasury purchase schedule

Summary:
Looks like somebody may have gotten a clue that the Fed is buying all of the UST issuance and creating all out chaos in the market for USTs.... to add "Reserves to lend out!"....Maybe Mnuchin told them to hurry up with their "Reserves!" bullshit and get it done before April 15th so somebody else can buy a US Treasury for a change.....   advanced schedule due: The Desk intends to further bring forward remaining purchases for this monthly calendar and adjust terms of operations as needed to foster smooth Treasury market functioning and efficient and effective policy implementation. A revised schedule will be posted. Yeah not buying all of the new UST issued because you think abstractions are REAL would probably foster a Treasury market ya think.... we're gonna be lucky if these morons

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Looks like somebody may have gotten a clue that the Fed is buying all of the UST issuance and creating all out chaos in the market for USTs.... to add "Reserves to lend out!"....

Maybe Mnuchin told them to hurry up with their "Reserves!" bullshit and get it done before April 15th so somebody else can buy a US Treasury for a change.....   advanced schedule due:

The Desk intends to further bring forward remaining purchases for this monthly calendar and adjust terms of operations as needed to foster smooth Treasury market functioning and efficient and effective policy implementation. A revised schedule will be posted.
Yeah not buying all of the new UST issued because you think abstractions are REAL would probably foster a Treasury market ya think.... we're gonna be lucky if these morons dont cause another GFC before they are done...

Fed announcement here.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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