Surging T-Bill Issuance Causing Fed To Lose Control Of Overnight Rates

Surging Treasury-bill issuance is curbing the Federal Reserve’s ability to control short-end interest rates, limiting its capacity to keep the effective fed funds rate within the central bank’s target range, according to Credit Suisse Group AG analyst Zoltan Pozsar....

 

 

https://www.bloomberg.com/news/articles/2018-05-30/as-fed-loses-control-of-overnight-rates-blame-shifts-to-t-bills

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