Did TOMO Just Rape The Market?
Did TOMO Just Rape The Market?
Well, we all talk POMO, but what about TOMO?
I missed the TOMO sale, the market did not. Somebody got a big TOMO (reverse repo from the FED), and somebody totally hosed the fed for about 100-300bps on $100B (depends on the bond). Congrats to whomever accomplished this.
So two big sales, and two of the largest plunges the market has seen in some time. Go figure in an autonomous based fiat system something like this can happen (tongue in cheek).
Now, lets look at the POMO + TOMO chart.
And to ensure proper asset propping up…
Well there you go, watch the FED.
Cheers,
Volar