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<blockquote data-quote="EndlessGravity" data-source="post: 1403824" data-attributes="member: 18289"><p>Totally meant to reply to your last post and it slipped my mind. You're correct that the Fed is providing material support. However, as your chart shows, the market for UST is huge. They only represent a small portion. Synder is probably right if only because you can watch rates drop...then the Fed says they're lowering rates. Then they try to take credit for it. I have yet to see them materially affect anything they claim to impact.</p><p></p><p>Those tweets by Groman are straight fire. I hadn't considered the one about the Nikkei, instead having thought we'd one day sink lower the way they did. However, that's a good point.</p></blockquote><p></p>
[QUOTE="EndlessGravity, post: 1403824, member: 18289"] Totally meant to reply to your last post and it slipped my mind. You're correct that the Fed is providing material support. However, as your chart shows, the market for UST is huge. They only represent a small portion. Synder is probably right if only because you can watch rates drop...then the Fed says they're lowering rates. Then they try to take credit for it. I have yet to see them materially affect anything they claim to impact. Those tweets by Groman are straight fire. I hadn't considered the one about the Nikkei, instead having thought we'd one day sink lower the way they did. However, that's a good point. [/QUOTE]
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