PSLV - FX Weekly: On The Road Towards MMT
Macro News
Global: The past few weeks were marked by radical changes in monetary policy conducted by central banks around the world. The Fed, which has already cut its benchmark rate by 150bps into 0 percent, announced an open-ended QE that will include purchases of corporate bonds and loans in the primary and secondary markets as well as muni bonds following the recent collapse in the muni market (muni ETF MUB fell by over 15% in the past two weeks), and announced the reintroduction of TALF (Term Asset-Backed Securities Loan Facility) in order to support