“But he's not trying to push down the level of yields…” — Bankless at 6:30
“But he's not trying to push down the level of yields necessarily, he's trying to reduce volatility in the market. And generally Bessin's doing a great job, because he's retiring what are called off-the-run treasuries, in other words, stale and liquid treasuries, often at 60 cents in the dollar,”
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