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Joseph Wang & Alex Etra: Trillion-Dollar Liquidity Drain Imminent
Forward Guidance
The TGA and the Need to Issue Bills Will Accelerate the End of QT
Keari is the banking ETF, a lot of bank stocks. Keari: What people are concerned about is that now that the debt ceiling is over, the US government is going to have to refill their checking account. The way the Treasury refills its TGA is it goes and it boughs a whole lot of money, issues bills, issues coupons. And that that money then goes into the TGA account.
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