Click here to get this article in PDF
CNBC/Jeff Cox/3-12-2020
“‘These changes are being made to address highly unusual disruptions in Treasury financing markets associated with the coronavirus outbreak,’ the New York Fed said in an early afternoon announcement amid a washout on Wall Street that was heading toward the worst day since 1987.”
USAGOLD note: There is obviously something more going on in financial markets than just a stock market meltdown and that “something” apparently involves the bond market. CNBC tells us that the Fed will be purchasing Treasuries across the range of maturities. By its own definition, the Fed appears to have just launched QE4.