Loading ...Is the Fed the buyer in there trying to defend the 4.5% level? Never really considered this but I wonder how much the Fed actually holds in UST’s? We talk about other countries, but I would imagine the Fed’s holdings dwarf those of China and Japan. Seems if they wanted to take our bond market down, they could do it pretty easily.
I’m not used to seeing the dollar fall when rates rise. That’s something we haven’t seen here in the US, I’d guess since maybe the late 70’s, early 80’s. I’m not sure. The point being that the dollar falling with rates rising may not be a good sign for the dollar?