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Federal Reserve to buy around USD75bn of Treasuries on Tue, Wed, Thurs, Fri

Summary:
Not good.... Thats another 0B this week non-Risk assets they are going to add to banks ... and so far no fiscal response from Treasury to create new issues... who are they buying them from?.. risk asset prices going down...New York Federal Reserve to buy around USD75bn of Treasuries on Tue, Wed, Thurs, Fri https://t.co/AcqIAaPz8L— ForexLive (@ForexLive) March 23, 2020

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Not good.... Thats another $300B this week non-Risk assets they are going to add to banks ... and so far no fiscal response from Treasury to create new issues... who are they buying them from?.. risk asset prices going down...

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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