Fed Boosts Daily QE By 66% Overnight To Record $75 Billion In One Day
- Fed Boosts Daily QE By 66% Overnight To Record $75 Billion In One Day
by Tyler Durden, https://www.zerohedge.com/
Overnight saw the addition of yet another four-letter-acronym bailout fund from The Fed but signals from the market suggest that they are once again losing control of the dollar-shortage-driven liquidity crisis as the FRA-OIS spread has started to rise sharply once again…
So, what does The Fed decide to do? Simple – increase its daily QE buying of bonds by 66%, buying a record $75 billion of US Treasury bonds each of today and tomorrow.