{"id":23544,"date":"2024-02-06T14:44:26","date_gmt":"2024-02-06T18:44:26","guid":{"rendered":"https:\/\/www.duck9.com\/blog\/?p=23544"},"modified":"2024-02-06T18:29:11","modified_gmt":"2024-02-06T22:29:11","slug":"sec-set-to-label-hedge-funds-trading-us-treasuries-as-dealers","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/sec-set-to-label-hedge-funds-trading-us-treasuries-as-dealers\/","title":{"rendered":"SEC set to label hedge funds trading US Treasuries as \u2018dealers\u2019"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"ltr\"><a href=\"https:\/\/x.com\/larrychiang\/status\/1754937011096420812?s=43&#038;t=EqVgOYfixWRKwcBgvsfTmA\"><\/a><\/div>\n<div dir=\"ltr\">\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" style=\"border: 1px solid #ccd6dd; border-radius: 12px\" width=\"500\" bgcolor=\"#ffffff\">\n<tbody>\n<tr>\n<td colspan=\"3\" style=\"font-size: 0px; line-height: 0px\" height=\"12\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"18\" style=\"font-size: 0px; line-height: 0px; min-width: 18px\">&nbsp;<\/td>\n<td>\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" width=\"464\" align=\"left\">\n<tbody>\n<tr valign=\"top\">\n<td width=\"48\" valign=\"top\"><a href=\"https:\/\/x.com\/larrychiang?s=43\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/1388307931125460994\/KWn5HNMY_normal.jpg\" style=\"border-radius: 50%; padding: 0px\" height=\"48\" width=\"48\" data-unique-identifier=\"\"><\/a><\/td>\n<td width=\"8\" style=\"font-size: 0px; line-height: 0px; min-width: 8px\"><img decoding=\"async\" src=\"https:\/\/ea.twimg.com\/email\/self_serve\/media\/spacer.png\" width=\"8\" data-unique-identifier=\"\"><\/td>\n<td valign=\"middle\" width=\"388\" style=\"min-width: 388px\">\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" align=\"left\" width=\"388\">\n<tbody>\n<tr>\n<td align=\"left\" width=\"388\"><b><a href=\"https:\/\/x.com\/larrychiang?s=43\" style=\"font-family: Helvetica, Arial, san-serif; font-size: 14px; line-height: 18px; color: #292c2f; text-decoration: none\">Larry Chiang, tips 650-283-8008<\/a><\/b><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><a href=\"https:\/\/x.com\/larrychiang?s=43\" style=\"font-family: Helvetica, Arial, san-serif; font-size: 14px; line-height: 18px; text-decoration: none; color: #7e8c98\">\u2066\u202a@LarryChiang\u202c\u2069<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td valign=\"top\" width=\"20\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ea.twimg.com\/email\/self_serve\/media\/logo_twitter-1497383721365.png\" height=\"20\" width=\"24\" data-unique-identifier=\"\"><\/td>\n<\/tr>\n<tr>\n<td height=\"9\" colspan=\"4\" style=\"font-size: 0px; line-height: 0px\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ea.twimg.com\/self_serve\/media\/spacer_464x1-1582829598167.png\" width=\"464\" height=\"1\" data-unique-identifier=\"\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" style=\"font-family: Helvetica, Arial, san-serif; color: #292c2f; font-size: 18px; line-height: 24px; text-decoration: none\">&gt;&gt;<a href=\"https:\/\/x.com\/search?q=%23RMRMRE&#038;src=hash\">#RMRMRE<\/a> <a href=\"https:\/\/x.com\/search?q=%23PRPRPI&#038;src=hash\">#PRPRPI<\/a><\/p>\n<\/td>\n<td colspan=\"4\" style=\"font-family: Helvetica, Arial, san-serif; color: #292c2f; font-size: 18px; line-height: 24px; text-decoration: none\">SEC set to label hedge funds trading USA treasuries as \u2018dealers\u2019<\/p>\n<p>&#8220;You get Fed balance sheet access&#8230;you get Fed balance sheet access&#8230;EVERYONE gets Fed balance sheet access!&#8221;<\/p>\n<p>q\/t <a href=\"https:\/\/x.com\/ces921\">\u2066\u202a@ces921\u202c\u2069<\/a> <a href=\"https:\/\/x.com\/search?q=%23LukeGrommen&#038;src=hash\">#LukeGrommen<\/a> <a href=\"https:\/\/t.co\/AFuw7kiqFv\"><span>pic.twitter.com\/AFuw7kiqFv<\/span><\/a><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td height=\"3\" colspan=\"4\" style=\"font-size: 0px; line-height: 0px\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\"><a href=\"https:\/\/x.com\/larrychiang\/status\/1754937011096420812?s=43&#038;t=EqVgOYfixWRKwcBgvsfTmA\" style=\"font-family: Helvetica, Arial, san-serif; color: #667785; font-size: 14px; line-height: 18px; text-decoration: none\">2\/6\/24, 12:36 PM<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td width=\"18\" style=\"font-size: 0px; line-height: 0px; min-width: 18px\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"font-size: 0px; line-height: 0px\" height=\"12\">&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/02\/image0-3-rotated.jpeg\" alt=\"image0.jpeg\"><\/div>\n<div dir=\"ltr\"><a href=\"https:\/\/x.com\/lukegromen\/status\/1754885099533864983?s=43&#038;t=EqVgOYfixWRKwcBgvsfTmA\"><\/a><\/div>\n<div dir=\"ltr\">\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" width=\"500\" bgcolor=\"#ffffff\" style=\"border: 1px solid rgb(204, 214, 221); border-radius: 12px\">\n<tbody>\n<tr>\n<td colspan=\"3\" height=\"12\" style=\"font-size: 0px; line-height: 0px\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"18\" style=\"font-size: 0px; line-height: 0px; min-width: 18px\">&nbsp;<\/td>\n<td>\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" width=\"464\" align=\"left\">\n<tbody>\n<tr valign=\"top\">\n<td width=\"48\" valign=\"top\"><a href=\"https:\/\/x.com\/lukegromen?s=43\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/02\/CHzzcMuI_normal.jpg\" height=\"48\" width=\"48\" style=\"border-radius: 50%; padding: 0px\" alt=\"CHzzcMuI_normal.jpg\"><\/a><\/td>\n<td width=\"8\" style=\"font-size: 0px; line-height: 0px; min-width: 8px\"><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/02\/spacer-1.png\" width=\"8\" alt=\"spacer.png\"><\/td>\n<td valign=\"middle\" width=\"388\" style=\"min-width: 388px\">\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" align=\"left\" width=\"388\">\n<tbody>\n<tr>\n<td align=\"left\" width=\"388\"><b><a href=\"https:\/\/x.com\/lukegromen?s=43\" style=\"font-family: Helvetica, Arial, san-serif; font-size: 14px; line-height: 18px; color: rgb(41, 44, 47); text-decoration: none\">Luke Gromen<\/a><\/b><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><a href=\"https:\/\/x.com\/lukegromen?s=43\" style=\"font-family: Helvetica, Arial, san-serif; font-size: 14px; line-height: 18px; text-decoration: none; color: rgb(126, 140, 152)\">\u2066\u202a@LukeGromen\u202c\u2069<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td valign=\"top\" width=\"20\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/02\/logo_twitter-1497383721365-1.png\" height=\"20\" width=\"24\" alt=\"logo_twitter-1497383721365.png\"><\/td>\n<\/tr>\n<tr>\n<td height=\"9\" colspan=\"4\" style=\"font-size: 0px; line-height: 0px\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/02\/spacer_464x1-1582829598167-1.png\" width=\"464\" height=\"1\" alt=\"spacer_464x1-1582829598167.png\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" style=\"font-family: Helvetica, Arial, san-serif; color: rgb(41, 44, 47); font-size: 18px; line-height: 24px\">*SEC SET TO LABEL HEDGE FUNDS TRADING US TREASURIES AS DEALERS<\/p>\n<\/td>\n<td colspan=\"4\" style=\"font-family: Helvetica, Arial, san-serif; color: rgb(41, 44, 47); font-size: 18px; line-height: 24px\">&#8220;You get Fed balance sheet access&#8230;you get Fed balance sheet access&#8230;EVERYONE gets Fed balance sheet access!&#8221;&nbsp;<\/p>\n<p>via&nbsp;<a href=\"https:\/\/x.com\/ces921\">\u2066\u202a@ces921\u202c\u2069<\/a>&nbsp;<a href=\"https:\/\/t.co\/Q91vpv94e8\">pic.twitter.com\/Q91vpv94e8<\/a><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td height=\"3\" colspan=\"4\" style=\"font-size: 0px; line-height: 0px\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\"><a href=\"https:\/\/x.com\/lukegromen\/status\/1754885099533864983?s=43&#038;t=EqVgOYfixWRKwcBgvsfTmA\" style=\"font-family: Helvetica, Arial, san-serif; color: rgb(102, 119, 133); font-size: 14px; line-height: 18px; text-decoration: none\">2\/6\/24, 9:09 AM<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td width=\"18\" style=\"font-size: 0px; line-height: 0px; min-width: 18px\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" height=\"12\" style=\"font-size: 0px; line-height: 0px\">&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/02\/image1-3.jpeg\" alt=\"image1.jpeg\"><\/p>\n<\/div>\n<div dir=\"ltr\">\n<div dir=\"ltr\">\n<div dir=\"ltr\"><a href=\"https:\/\/x.com\/everymanprepper\/status\/1754924068808294690?s=43&#038;t=EqVgOYfixWRKwcBgvsfTmA\"><\/a><\/div>\n<div dir=\"ltr\">\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" width=\"500\" bgcolor=\"#ffffff\" style=\"border: 1px solid rgb(204, 214, 221); border-radius: 12px\">\n<tbody>\n<tr>\n<td colspan=\"3\" height=\"12\" style=\"font-size: 0px; line-height: 0px\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"18\" style=\"font-size: 0px; line-height: 0px; min-width: 18px\">&nbsp;<\/td>\n<td>\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" width=\"464\" align=\"left\">\n<tbody>\n<tr valign=\"top\">\n<td width=\"48\" valign=\"top\"><a href=\"https:\/\/x.com\/everymanprepper?s=43\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/02\/z03z0mul_normal.jpg\" height=\"48\" width=\"48\" alt=\"z03z0mul_normal.jpg\" style=\"border-radius: 50%; padding: 0px\"><\/a><\/td>\n<td width=\"8\" style=\"font-size: 0px; line-height: 0px; min-width: 8px\"><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/02\/spacer-2.png\" width=\"8\" alt=\"spacer.png\"><\/td>\n<td valign=\"middle\" width=\"388\" style=\"min-width: 388px\">\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" align=\"left\" width=\"388\">\n<tbody>\n<tr>\n<td align=\"left\" width=\"388\"><b><a href=\"https:\/\/x.com\/everymanprepper?s=43\" style=\"font-family: Helvetica, Arial, san-serif; font-size: 14px; line-height: 18px; color: rgb(41, 44, 47); text-decoration: none\">EveryManPrepping<\/a><\/b><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><a href=\"https:\/\/x.com\/everymanprepper?s=43\" style=\"font-family: Helvetica, Arial, san-serif; font-size: 14px; line-height: 18px; text-decoration: none; color: rgb(126, 140, 152)\">\u2066\u202a@EveryManPrepper\u202c\u2069<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td valign=\"top\" width=\"20\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/02\/logo_twitter-1497383721365-2.png\" height=\"20\" width=\"24\" alt=\"logo_twitter-1497383721365.png\"><\/td>\n<\/tr>\n<tr>\n<td height=\"9\" colspan=\"4\" style=\"font-size: 0px; line-height: 0px\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/02\/spacer_464x1-1582829598167-2.png\" width=\"464\" height=\"1\" alt=\"spacer_464x1-1582829598167.png\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" style=\"font-family: Helvetica, Arial, san-serif; color: rgb(41, 44, 47); font-size: 18px; line-height: 24px\"><a href=\"https:\/\/x.com\/LukeGromen\">\u2066\u202a@LukeGromen\u202c\u2069<\/a>&nbsp;<a href=\"https:\/\/x.com\/LawrenceLepard\">\u2066\u202a@LawrenceLepard\u202c\u2069<\/a>&nbsp;<a href=\"https:\/\/x.com\/ces921\">\u2066\u202a@ces921\u202c\u2069<\/a>&nbsp;someone explain this to us common folk<\/td>\n<\/tr>\n<tr>\n<td height=\"3\" colspan=\"4\" style=\"font-size: 0px; line-height: 0px\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\"><a href=\"https:\/\/x.com\/everymanprepper\/status\/1754924068808294690?s=43&#038;t=EqVgOYfixWRKwcBgvsfTmA\" style=\"font-family: Helvetica, Arial, san-serif; color: rgb(102, 119, 133); font-size: 14px; line-height: 18px; text-decoration: none\">2\/6\/24, 11:44 AM<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td width=\"18\" style=\"font-size: 0px; line-height: 0px; min-width: 18px\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" height=\"12\" style=\"font-size: 0px; line-height: 0px\">&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>It means hedge funds will not have to pro-cyclically de-lever highly-levered UST relative value trades when realized UST vol exceeds acceptable risk management thresholds.<\/p>\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0)\">WordPress\u2019d<\/span><\/div>\n<\/div>\n<div dir=\"ltr\">\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" width=\"500\" bgcolor=\"#ffffff\" style=\"border: 1px solid rgb(204, 214, 221); border-radius: 12px\">\n<tbody>\n<tr>\n<td colspan=\"3\" height=\"12\" style=\"font-size: 0px; line-height: 0px\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"18\" style=\"font-size: 0px; line-height: 0px; min-width: 18px\">&nbsp;<\/td>\n<td>\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" width=\"464\" align=\"left\">\n<tbody>\n<tr valign=\"top\">\n<td width=\"48\" valign=\"top\"><a href=\"https:\/\/x.com\/lawrencelepard?s=43\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/02\/mOUsG1XC_normal.png\" height=\"48\" width=\"48\" alt=\"mOUsG1XC_normal.png\" style=\"border-radius: 50%; padding: 0px\"><\/a><\/td>\n<td width=\"8\" style=\"font-size: 0px; line-height: 0px; min-width: 8px\"><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/02\/spacer-3.png\" width=\"8\" alt=\"spacer.png\"><\/td>\n<td valign=\"middle\" width=\"388\" style=\"min-width: 388px\">\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" align=\"left\" width=\"388\">\n<tbody>\n<tr>\n<td align=\"left\" width=\"388\"><b><a href=\"https:\/\/x.com\/lawrencelepard?s=43\" style=\"font-family: Helvetica, Arial, san-serif; font-size: 14px; line-height: 18px; color: rgb(41, 44, 47); text-decoration: none\">Lawrence Lepard, &#8220;fix the money, fix the world&#8221;<\/a><\/b><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><a href=\"https:\/\/x.com\/lawrencelepard?s=43\" style=\"font-family: Helvetica, Arial, san-serif; font-size: 14px; line-height: 18px; text-decoration: none; color: rgb(126, 140, 152)\">\u2066\u202a@LawrenceLepard\u202c\u2069<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td valign=\"top\" width=\"20\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/02\/logo_twitter-1497383721365-3.png\" height=\"20\" width=\"24\" alt=\"logo_twitter-1497383721365.png\"><\/td>\n<\/tr>\n<tr>\n<td height=\"9\" colspan=\"4\" style=\"font-size: 0px; line-height: 0px\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/02\/spacer_464x1-1582829598167-3.png\" width=\"464\" height=\"1\" alt=\"spacer_464x1-1582829598167.png\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" style=\"font-family: Helvetica, Arial, san-serif; color: rgb(41, 44, 47); font-size: 18px; line-height: 24px\"><a href=\"https:\/\/x.com\/EveryManPrepper\">\u2066\u202a@EveryManPrepper\u202c\u2069<\/a>&nbsp;<a href=\"https:\/\/x.com\/LukeGromen\">\u2066\u202a@LukeGromen\u202c\u2069<\/a>&nbsp;<a href=\"https:\/\/x.com\/ces921\">\u2066\u202a@ces921\u202c\u2069<\/a>&nbsp;I believe (Luke check me on this) that primary dealers have accounts at the Fed and probably swap lines which aid them in purchasing treasuries. Giving the same to hedge funds will create more treasury bill demand.<\/td>\n<\/tr>\n<tr>\n<td height=\"3\" colspan=\"4\" style=\"font-size: 0px; line-height: 0px\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\"><a href=\"https:\/\/x.com\/lawrencelepard\/status\/1754932529415782593?s=43&#038;t=EqVgOYfixWRKwcBgvsfTmA\" style=\"font-family: Helvetica, Arial, san-serif; color: rgb(102, 119, 133); font-size: 14px; line-height: 18px; text-decoration: none\">2\/6\/24, 12:18 PM<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td width=\"18\" style=\"font-size: 0px; line-height: 0px; min-width: 18px\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" height=\"12\" style=\"font-size: 0px; line-height: 0px\">&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/02\/image2-2.jpeg\" alt=\"image2.jpeg\"><\/p>\n<\/div>\n<div dir=\"ltr\">\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" width=\"500\" bgcolor=\"#ffffff\" style=\"border: 1px solid rgb(204, 214, 221); border-radius: 12px\">\n<tbody>\n<tr>\n<td colspan=\"3\" height=\"12\" style=\"font-size: 0px; line-height: 0px\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"18\" style=\"font-size: 0px; line-height: 0px; min-width: 18px\">&nbsp;<\/td>\n<td>\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" width=\"464\" align=\"left\">\n<tbody>\n<tr valign=\"top\">\n<td width=\"48\" valign=\"top\"><a href=\"https:\/\/x.com\/lukegromen?s=43\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/02\/CHzzcMuI_normal-1.jpg\" height=\"48\" width=\"48\" alt=\"CHzzcMuI_normal.jpg\" style=\"border-radius: 50%; padding: 0px\"><\/a><\/td>\n<td width=\"8\" style=\"font-size: 0px; line-height: 0px; min-width: 8px\"><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/02\/spacer-4.png\" width=\"8\" alt=\"spacer.png\"><\/td>\n<td valign=\"middle\" width=\"388\" style=\"min-width: 388px\">\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" align=\"left\" width=\"388\">\n<tbody>\n<tr>\n<td align=\"left\" width=\"388\"><b><a href=\"https:\/\/x.com\/lukegromen?s=43\" style=\"font-family: Helvetica, Arial, san-serif; font-size: 14px; line-height: 18px; color: rgb(41, 44, 47); text-decoration: none\">Luke Gromen<\/a><\/b><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><a href=\"https:\/\/x.com\/lukegromen?s=43\" style=\"font-family: Helvetica, Arial, san-serif; font-size: 14px; line-height: 18px; text-decoration: none; color: rgb(126, 140, 152)\">\u2066\u202a@LukeGromen\u202c\u2069<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td valign=\"top\" width=\"20\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/02\/logo_twitter-1497383721365-4.png\" height=\"20\" width=\"24\" alt=\"logo_twitter-1497383721365.png\"><\/td>\n<\/tr>\n<tr>\n<td height=\"9\" colspan=\"4\" style=\"font-size: 0px; line-height: 0px\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/02\/spacer_464x1-1582829598167-4.png\" width=\"464\" height=\"1\" alt=\"spacer_464x1-1582829598167.png\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" style=\"font-family: Helvetica, Arial, san-serif; color: rgb(41, 44, 47); font-size: 18px; line-height: 24px\"><a href=\"https:\/\/x.com\/LawrenceLepard\">\u2066\u202a@LawrenceLepard\u202c\u2069<\/a>&nbsp;<a href=\"https:\/\/x.com\/EveryManPrepper\">\u2066\u202a@EveryManPrepper\u202c\u2069<\/a>&nbsp;<a href=\"https:\/\/x.com\/ces921\">\u2066\u202a@ces921\u202c\u2069<\/a>&nbsp;i dont know all the details on the mechanics fr the dealer\/Fed side.<\/p>\n<\/td>\n<td colspan=\"4\" style=\"font-family: Helvetica, Arial, san-serif; color: rgb(41, 44, 47); font-size: 18px; line-height: 24px\">I am just watching fr the govt issuance side, &amp; fr the demand side, &amp; this seems like it could help play a role as a stopgap<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td height=\"3\" colspan=\"4\" style=\"font-size: 0px; line-height: 0px\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\"><a href=\"https:\/\/x.com\/lukegromen\/status\/1754933434298818675?s=43&#038;t=EqVgOYfixWRKwcBgvsfTmA\" style=\"font-family: Helvetica, Arial, san-serif; color: rgb(102, 119, 133); font-size: 14px; line-height: 18px; text-decoration: none\">2\/6\/24, 12:21 PM<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td width=\"18\" style=\"font-size: 0px; line-height: 0px; min-width: 18px\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" height=\"12\" style=\"font-size: 0px; line-height: 0px\">&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0)\">&nbsp;from my personal iPhone, 650-283-8008,&nbsp;<\/span>that Steve Jobs texted me on<\/p>\n<div dir=\"ltr\">\n<div><span style=\"background-color: rgba(255, 255, 255, 0)\">https:\/\/www.youtube.com\/watch?v=ejeIz4EhoJ0<\/span><\/p>\n<div>\n<div>\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><br \/>\n<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; &nbsp; Larry Chiang, tips 650-283-8008 \u2066\u202a@LarryChiang\u202c\u2069 &gt;&gt;#RMRMRE #PRPRPI SEC set to label hedge funds trading USA treasuries as \u2018dealers\u2019 &#8220;You get Fed balance sheet access&#8230;you get Fed balance sheet access&#8230;EVERYONE gets Fed balance sheet access!&#8221; q\/t \u2066\u202a@ces921\u202c\u2069 #LukeGrommen pic.twitter.com\/AFuw7kiqFv &nbsp; 2\/6\/24, 12:36 PM &nbsp; &nbsp; &nbsp; &nbsp; Luke Gromen \u2066\u202a@LukeGromen\u202c\u2069 *SEC SET TO LABEL [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23545,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"class_list":["post-23544","post","type-post","status-publish","format-standard","hentry","category-deeply-understood-currency-knowledge"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/23544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=23544"}],"version-history":[{"count":2,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/23544\/revisions"}],"predecessor-version":[{"id":23581,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/23544\/revisions\/23581"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media\/23545"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=23544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=23544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=23544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}