What is Nostr?
kup / Nick Berlin
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2024-03-22 12:15:10
in reply to nevent1q…nlgf

kup on Nostr: “When the RRF is drained, the Treasury needs to find new capital. It will do this ...

“When the RRF is drained, the Treasury needs to find new capital. It will do this by issuing longer dated Treasuries.

This will cause the banks to use their reserves. “

Basic questions incoming:

Anyone know why the switch from short to long duration? Also, why does that cause the banks to use their reserves? And, finally, use them for what?
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