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Replying to Avatar preston

I've been telling people Yield Curve Control (YCC) was coming, and make no mistake, the BTFP is a version of YCC. All these bonds were trading at a discount to par and this facility prompt-up their prices to par (for a year...which can be completely extended if needed).

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fiatbad 2y ago

I remember you talking about YCC coming even before the pandemic began. I can't believe how fast we got to this point.

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