RE: Fed: Quantitative Tightening Does Next To Nothing
Nothing might be wishful thinking from the Fed. But rather than simply doing “no good”, it might be doing a bad thing:
The Federal Reserve’s more rapid exit from crisis-era policies is set to place the $24 trillion US government bond market under extra strain, heightening concerns about the bedrock of the global financial system.
The ease with which traders can get deals done in the Treasury market has declined to the lowest levels since the early days of the pandemic in March 2020.