Eric Wallerstein
@ericwallerstein
Chief Macro Strategist, Clocktower Group. formerly at the Fed and White House.
Joined March 2020
2.4K Following 16.6K Followers
if buybacks exceed 4bn per operation (say, are 6bn) and are continued after this quarter, takedown would be ~43% of total 20y & 30y issuance.
thats a meaningful terming-in of Treasury issuance.
and yes, it’s more like QE than not.
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