Commercial Banks Taper Treasury Purchases | Joseph Wang & DC Analyst
DC Analyst joins Joseph Wang and Jack Farley for a discussion about commercial banks, treasuries, and bearishness on banks.\n--\n\nDC on Twitter: @AnalystDC\nJoseph Wang on Twitter: @FedGuy12\nJack Farley on Twitter: @JackFarley96\nBlockworks on Twitter: @Blockworks_\n\n--\n\nLinks\n___\nLiberty Street Economics, "The Fed\u2019s Balance Sheet Runoff and the ON RRP Facility":\nhttps://libertystreeteconomics.newyorkfed.org/2022/04/the-feds-balance-sheet-runoff-and-the-on-rrp-facility/\n\nBullard's Triple Rate Hike Comment: https://www.bloomberg.com/news/articles/2022-04-19/last-resort-fed-hike-enters-debate-as-bullard-invokes-1994-move\n\nDC's substack: https://dcchartbook.substack.com/p/chartbook-15?s=r\n\nJoseph Wang's writings: https://fedguy.com/draining-the-rrp/\n--\n\n(00:00) Introduction To DC Analyst\n(02:01) Why Are Banks Buying Fewer Treasuries?\n(14:30) Implosion Of The Japanese Yen\n(20:40) Who Will Buy The Treasuries?\n(31:20) What If Banks Don't Lend More?\n(37:30) Bearish For Banks? (No)\n(42:47) Quantitative Tightening - Will The Fed Be Forced to Sell?\n(46:57) Mortgage-Backed Securities\n(57:40) Bullard's Comments on Triple-Hike