🚨🇺🇸 Golden Finance reported that the interest rate strategist at Bank of America stated that the Federal Reserve's purchase of Treasury bonds to maintain the banking system's liquidity could suppress long-term yields. Wall Street strategists generally expect the Federal Reserve's managed reserve purchase operation (PGR) - coupled with its October decision to use mortgage-backed securities on its balance sheet to buy Treasury bonds - to absorb the majority of the net supply of Treasury bonds over the next year.
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