lylepratt on Nostr: A European bank has under water treasuries. Fed accepts them at par and gives them ...
A European bank has under water treasuries. Fed accepts them at par and gives them dollars which they either lend or hand out when deposits are redeemed. This “swap line” lets Banks and foreign governments hold USTs with zero downside (nominal) risk, insuring US debt demand.
Published at
2023-03-20 02:24:59Event JSON
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"content": "A European bank has under water treasuries. Fed accepts them at par and gives them dollars which they either lend or hand out when deposits are redeemed. This “swap line” lets Banks and foreign governments hold USTs with zero downside (nominal) risk, insuring US debt demand.",
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