Treasury Injects a Record $271 Billion in Cash in One Day, Sending ST Rates Negative

This is really an extraordinary move by the Treasury. Why dump $270 billion in a single day if not to massively manipulate/drive markets?

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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