The Only Two Charts That Matter For The Fed
Here are the only two charts that matter:
First, the Fed now owns a third or 32.47% of all 10 Year equivalents, up 32.22% from the prior week, and rising at a pace of 0.3% per week.
Second, the Fed is now monetizing a record 70% of all net US 10 Year equivalent issuance.
That is all.
Source: Stone McCarthy and RBS
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