Foreigners Sold a MASSIVE Amount of Treasuries (Here's What You Must Know)
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Show Notes
Back in October, foreigners sold a massive $61.2 billion in LT UST assets, the most since April. While that may sound like the “sell America” and Treasury rejection narrative from the summer, it’s actually proof that the Fed’s bank reserves are irrelevant. Remember October? Repo rates soaring. Use of the Fed’s repo facility skyrocketed. Cockroaches and garbage lending.
Eurodollar University's Money & Macro Analysis
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