Wednesday, January 27, 2021

Feds left the rates unchanged ...

with a commitment to buy $120B of securities on monthly basis.

Fed is more concerned about deflation than inflation; so, taper tantrum not coming anytime soon ..!

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30Y treas auction rates above 5p

Last it happend was in Aug 2007 - about 20Y ago and a market peak which broght the real estate and financial crisis..!