Like, what's its purpose, and why is it so different from normal open-market operations? It seems like its just like open market operations, but just buying longer-term treasuries?
Like, what's its purpose, and why is it so different from normal open-market operations? It seems like its just like open market operations, but just buying longer-term treasuries?
Ah yes sorry you're absolutely right. I used the term sloppily. I meant it in the way that regular market activity just shifts money from one market participant to another. While the central bank does so money supply when it engages in the market.