Treasury Solicits QE Absolution

By |2014-07-18T15:10:21-04:00July 18th, 2014|Bonds, Economy, Federal Reserve/Monetary Policy, Markets|

I have to say that I am more than a little amused by the “news” that the US Treasury Dept. is asking for comment from the primary dealers about the recent repo fails. As Bloomberg put it succinctly, “The Treasury also asked the dealers to explain the causes for an increase recently in “fails-to-deliver” in the market for U.S. government [...]