Founders: It's Yellen or Bust, Forget the Fed

'Treasury Put' Will Keep This Dream Alive 'Til November

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Forget The Fed, It's The 'Treasury Put' That Will Keep This Dream Alive 'Til November

Authored by Simon White, Bloomberg macro strategist,

The US Treasury has become a key driver of stocks and other asset markets through its pro-cyclical issuance of debt and the increasing depth and liquidity of repo markets. A pullback in fiscal spending now …