The thought now is that there are so many TOMO operations and reverse repos in the past six weeks or so, that the wider market may be starved of quality collateral (Treasuries). Another option would be to reduce the POMO of Treasuries going forward.
Here's an update on the Three Peaks and a Domed House count. So where does it start? 666 or 1010? and where does it take us?
|SPX 10-23 3PDH|