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TechFlow news, April 9 — Arthur Hayes, co-founder of BitMEX, posted on social media stating that if the U.S. Treasury cancels the upcoming 10-year and 30-year Treasury auctions, it would constitute a form of indirect money printing by drawing down the Treasury General Account (TGA). Hayes said this would be an intermediate step to calm market turmoil before the Federal Reserve Chair takes further action.
BitMEX co-founder Arthur Hayes said on social media that if the U.S. Treasury cancels the upcoming 10-year and 30-year Treasury auctions, it would constitute a form of indirect money printing by drawing down the Treasury General Account (TGA). Hayes stated this is an intermediate step to calm market turmoil before the Federal Reserve Chair takes further action.
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