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49 sats \ 2 replies \ @optimism 23 May \ parent \ on: Interest Rates Rise Again as Treasury Auction Comes Up Short econ
Triggered me to zoom out on the second chart:
Dollars:
Indexed on 2020-01-01:
I guess we're not even dealing with subprime crisis winding down yet - still dealing with covid printing?
Interesting. I didn't know they gobbled up so many more mortgage backed securities during Covid.
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Yeah I saw that a while ago which was probably why the graph and your mention of subprime crisis triggered me. They almost doubled MBS at peak!
I was meaning to dig into what the rationale was, but it's low priority for me and I have a gazillion things to do, so maybe, if I'm ever bored.
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