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Chasing Commas (guest: Joseph Wang)

The Market Huddle

CHAPTER

What's the Difference Between the Fed and the Primary Market?

i was not involved directly in the treasury purchases, to i can only tell you what i heard from other people. Soes eos, they c do they just phone up and ask for an offering? Ninjus? No, no, no, there's, there's thersuppose process to do this. They're offering, and you guys pick what you want to buy. Ye g, was tre numbers, cre ons, rasersye, it was. And so, like, what were the kind of numbers in a day? It was ike, hundreds of billions, right? Like, it was not hundreds, but almost a hundred billion.

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