Yes, the Federal Reserve did decrease Fed Funds Rate by 0.50%. Did the Federal Reserve skip a way to mitigate interest rate decreases AND buy Federal Treasury Bills? Yes, it could have.
In the Red circle is the "dog leg" you are looking for. 3 month bills are higher interest rate than two-year treasury bills. The Fed could have bought bills to correct the short term interest rates with or without a 25 basis point decrease if needed.
So why not buy the 3 month bills? Too short term? The virus is short term? Powell did a bad move for the market. Buying Treasuries are better especially bill if and only if there is a national or international disaster; such as a virus.
How much in bonds they could have bought? As much it would have taken to reduce 3 month interest rates to equal or slightly lesser than 2 year bonds.
SOMETHING ELSE IS GOING ON AND THE POWER OF THE FEDERAL RESERVE AND FEDERAL GOVERNMENT IS BEING WASHED WITH INTERNAL PROPAGANDA. DEPARTMENT OF DEFENSE OR DEFENSE CONTRACTORS COULD BE TO BLAME. UFO AND FEDERAL RESERVE DISCLOSURE ENTITIES COULD TO BE BLAME.
IT IS I, TONYOTAG, WHO'S OPINION IS THAT THESE PARTIES MENTIONED ABOVE IS BEING MANIPULATED VIA CHESS LIKE TACTICS TO TAKE POWER FROM THE PEOPLE OF EARTH AND HAND IT TO SOMETHING NOT HUMAN.
The image below is from Stockcharts.com
https://stockcharts.com/freecharts/yieldcurve.php
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