Private Trader, Retired top performing hedge fund manager, in New Market Wizards, 2024 IFTA Lifetime Achievement Award. Street Smarts & Trading Sardines author.
This is NOT bullish. This is NOT QE. All they are doing is swapping out long end for shorter term dated maturities. I have no idea why some colleagues were so excited about this. It is BEARISH that they have to do this at all. Global trend impossible to stop.