Friday, July 29, 2011

Shit Just Got Real: Primary Dealers Called To New York Fed For Emergency Noon Meeting

It could be a myriad of problems which prompted this emergency meeting called by the NY Fed, but since it involves all 20 Primary Dealers, I'm gonna guess the US Treasury bond auctions are about to implode, so the powers-that-be must be working on a strategy to further manipulate US Treasury bond prices up (and yields down).  Operation Twist 2, bitchez!

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