WallStForMainSt: New Scheme: US Banks Go Crazy Buying Mortgage Bonds To Front Run The Fed
Since March the Fed has increased its buying of mortgaged backed securities (MBS) to $40 billion per month and Wall Street (hedged funds and large banks) have responded by creating more and front running the Fed for easy profits on this new scheme.
'Treasuries on steroids': U.S. banks' mortgage bond trading bonanza https://www.reuters.com/article/us-usa-banks-trading-focus-idUSKBN26U0GR
Powell Fed Embraces Monetary Relativity https://www.theinstitutionalriskanalyst.com/post/powell-fed-embraces-monetary-relativity
The Fed has purchased $610.943 billion in MBS since March 4, 2020. See link below.
St. Louis Fed website: Assets: Securities Held Outright: Mortgage-Backed Securities (MBS) on Fed Balance Sheet: https://fred.stlouisfed.org/series/WSHOMCB
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