Thanks. Your placing the RRP in a portfolio of money market investment options for MMFs lends credence to Steven Kelley’s argument that the Treasury could significantly de-risk the financial system by issuing proportionally more bills to fully meet MMF investment demand, obviating their need for riskier portfolio options.
Impressive work again!
Thanks Derek. Much appreciated.
always a pleasure read your posts, God bless you
Thank you Frank. I appreciate the kind words..
great take, thank you!
Thanks. Your placing the RRP in a portfolio of money market investment options for MMFs lends credence to Steven Kelley’s argument that the Treasury could significantly de-risk the financial system by issuing proportionally more bills to fully meet MMF investment demand, obviating their need for riskier portfolio options.