The Ministry of Finance and the Fed
It’s like applying two forces to the market in different directions.
Ministry of Finance: Long-term bond yields are too high, so I increase repos to improve liquidity.
Fed: Inflation is still high, and I may keep raising interest rates.
So this also explains why the market doesn’t, like before, just see a “60% chance of a rate hike” and immediately slam the brakes down
$SOL
It’s like applying two forces to the market in different directions.
Ministry of Finance: Long-term bond yields are too high, so I increase repos to improve liquidity.
Fed: Inflation is still high, and I may keep raising interest rates.
So this also explains why the market doesn’t, like before, just see a “60% chance of a rate hike” and immediately slam the brakes down
$SOL