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2011-04-16 — marketskeptics.com
A great find by DeCarbonnel. He discovers the Fed admits it sold puts around the Y2K changeover, yet still claims on its website it does not deal in derivatives. Now selling PUT options on Treasury debt are the only tool left in the Fed's arsenal, as presented by Reinhart in 2003, that they haven't *publicly admitted* to using. Yet, they seem to have an uncanny ability to keep yields low "without" that tool...
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