‘Big War’ in Bonds Escalates as Tresury Rift Puts Fed in Play

Bloomberg, Nov. 22, 2020–Liz McCormick
U.S. government debt just logged its best week since August after the Treasury demanded the Fed return unused funds from emergency lending programs, a request the central bank said late Friday it would comply with. The development bolstered Wall Street predictions that the Fed will unveil more monetary action when it meets in mid-December.