Global Feed Post Login
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
Mike Brock 2y ago

You're right, it sort of is YCC. Not sure they've left themselves with any choice, either.

Reply to this note

Please Login to reply.

Discussion

No replies yet.