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Fed Will Now Monetize The Most Recently Issued Agencies

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FED MONETIZATION
An ongoing look at Fed Monetization over at the blog Zero Hedge: "[I]t was only a matter of time before the Fed tipped its hand in "advising" foreign purchasers that it will now backstop virtually every piece of US-issued paper, even those from the dreaded GSEs." The net is the blog says at this rate a $5 trillion Fed balance sheet is now looking conservative.
SOURCE:   Zero Hedge

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