SFY - QE Infinity And Beyond

Live look at the NY Fed Operations Desk.

We Need a New Word For Whatever This Is

QE Infinity has a certain ring to it, but this is much larger by an order of magnitude than anything we’ve seen before.

The largest week of Treasury QE before this was about $40 billion in 2010. Let’s look at the daily numbers since Friday the 13th, when they really got cooking.

Keep in mind, this daily chart is raw purchases, unlike net purchases in the previous weekly chart. For example, in the week ending March 25, the

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