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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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Habanero 2y ago

I just learned we did YCC in the 1940's, and I thought Operation Twist was the original

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