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|User Info||The Impossible Mismatch; entered at 2018-01-01 09:02:34|
I wonder whether the risk is more acute than even what is mentioned here. You have the Fed starting to reduce its balance sheet, which means that the supply of Treasuries going onto the market is even higher than the deficit.|
The Fed has printed ****loads of money, as have foreign central banks using that money to keep their currencies from appreciating against the dollar (printing local currency and buying Treasuries). If that appetite subsides, things will get really interesting really quickly.