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Re:Statement Regarding Repurchase Operations by AnimalMuppet on Friday September 20, 2019 @03:30PM (#21030324)
So: Not enough demand for Treasuries, dealers have to purchase the difference, dealers running out of money to keep doing that, the Fed supplying the money for repo. I can buy all that, and it makes me nervous.

How close are we to a failed auction where the dealers won't or can't purchase the difference? How close are we to the Fed having to buy them directly?

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