There were three conditions for buying government bonds today...
Iran ceasefire
QE from the Fed
Interest rate hike
All three scenarios missed the mark,
and the U.S. Treasury Department ended up buying government bonds.
https://newsroom.stockplus.com/breaking-news/31336
It seems to be applied until November 4th (the midterm elections are on November 3rd............ too blatant).
Saying it's for the convenience of the midterm elections would be a bad thing....?
For now, this has put out the immediate fire, but I don't know about the long term. It feels strongly like peeing in your pants.
