Andy Constan says the US is using a Treasury twist, shifting deficit financing and refinancing from 10 to 30 year bonds into short term bills to cap long term rates. He calls it de facto yield curve control, not just a response to weak growth or disinflation.
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Andy Constan says the US is using a Treasury twist, shifting deficit financing and refinancing from 10 to 30 year bonds into short term bills to cap long term rates. He calls it de facto yield curve control, not just a response to weak growth or disinflation.
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