It had been reported earlier The Fed had committed to buy $300 billion in Treasury Bonds this year in an effort to keep interest rates down. Basically they’re removing the bonds from the free market, keeping supply down. If there are a lot of bonds on the market, interest rates have to go up in order to attract buyers. With trillions and trillions in projected deficits, and the need to sell bonds to raise spending money and cover the debt, I don’t know how long this will work.
Not very long I imagine. Our gov is acting so irresponsibly. I can’t believe anyone thinks this is good.