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).
Avatar
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.

Reply to this note

Please Login to reply.

Discussion

No replies yet.