So, the Treasury is unwinding a roughly $550 billion temporary T-bill program it set up to finance the Federal Reserve’s sh$#pile for cash program, so that people will buy longer term Treasuries to fund the larger bailout.
So, the Treasury is unwinding a roughly $550 billion temporary T-bill program it set up to finance the Federal Reserve’s sh$#pile for cash program, so that people will buy longer term Treasuries to fund the larger bailout.