A brief explanation of the consistent slaughter of US stocks, US bonds, gold, energy, and Bitcoin last night.
For the popularization of all the content below, please refer to my previous posts.
The latest quarterly QRA data is out.
In the next five months, Yellen does not plan to use TGA on a large scale.
The TGA balance is expected to be US$750 billion at the end of June.
The TGA balance is expected to be US$850 billion at the end of September.
Liquidity drives all assets.
At the same time, borrowing expectations increased by US$41 billion from US$202 billion to US$243 billion.
This means an increase in the yield anchor.
In summary, all assets fell in unison.
The next important thing is the announcement on Wednesday to see how Yellen issues bonds (long-term and short-term combinations)#BTC
