CC: @Federalreserve. Thank you for reading.
$TNX $IEF $TLT I also think the @federalreserves lack of responsiveness to what's actually happening with rates day to day is indefensible. They should titrate their buying on a daily or at least a weekly basis, instead of being on some sort of a mindless autopilot. Rates do not need to be lower than they were on Friday. They cause more disruption of the financial system by essentially playing dumb in this way. "Oooo, look at that! Rates are falling!" They continue to buy Treasuries and MBSs when they don't need to IMO... "We might do it in October" is silliness! cnbc.com/2021/08/02/fed-gov...
View original message