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|User Info||About Those Pensions Ben... (Social Security); entered at 2012-07-06 10:14:59|
Registered: 2011-03-16 Pasadena, CA
Agreed. You missed part of the discussion in the previous page. I wanted to show that net Treasury holdings by the Fed were roughly constant, because Twist involves the Fed selling the short end to buy the long.
The USTreasury is selling approx $1.3T in bonds per year, but overall its not going into the Fed.
The factoid about primary dealers buying and holding the net debt issuance as excess reserves is just a guess. Who is holding the net debt of the USGov?