Thursday, November 9, 2023

TYX auction didn't go well ...!

market tummy is full in context of demand for treasuries

so called free printing days are over .. as market demands higher premium for fresh money ..! 

gave 1.2p jolt to S&P

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treasury plans to buy long term US debt to replace it by short-term debt

10y rates dropped by a point .. and stocks rise ... aka market manipulation and perfectly legal as done by US govt.