@bryptodegenerate

HAPPY QE! 🟢💸 Here’s how to read this chart 👇 🔹 These are pre-announced Fed Treasury bill purchases (not guesses) 🔹 Each line shows a live operation where the Fed buys short-term T-bills 🔹 Individual ops look small ($6–8B), but stacked = ~$40B per month 🔹 Settlement dates mark when bank reserves actually increase 🔹 Maturities are 1–12 months → front-end liquidity, not long-duration control What it means 🔍 🔹 QT is officially over 🔹 The Fed is now adding reserves by design to keep money markets stable 🔹 This caps repo stress, smooths funding, and supports leverage 🔹 Not 2020-style QE, but real balance-sheet expansion Why markets care 📈 🔹 Liquidity stops being a headwind 🔹 Risk assets get breathing room 🔹 This looks like 2019 pre-emptive easing, not crisis response 🔹 Synergy with upcoming eSLR relief → more bank balance-sheet capacity Bottom line ⚡ The Fed is back in the market, quietly. Not to pump assets, but to make sure nothing breaks.

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