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<p>[QUOTE=&quot;yakpoo, post: 7135735, member: 18157&quot;]Here&#039;s an interesting development. This could push real rates higher...putting downward pressure on PMs (at least in the short term).</p><p><br /></p><p>&quot;WASHINGTON—The Federal Reserve said Friday it would allow a yearlong reprieve for the way big banks account for ultrasafe assets such as Treasury securities to expire as scheduled at the end of the month, a loss for Wall Street firms that had pressed for an extension to the relief.&quot;</p><p><br /></p><p>&quot;Banks and their industry groups had pressed for an extension to the relief, saying that without it banks might pull back significantly from Treasury purchases, which would add to the upward pressure on bond yields that has rattled markets in recent weeks.&quot;</p><p><br /></p><p><a href="https://www.wsj.com/articles/federal-reserve-to-end-emergency-capital-relief-for-big-banks-11616158811" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.wsj.com/articles/federal-reserve-to-end-emergency-capital-relief-for-big-banks-11616158811" rel="nofollow">https://www.wsj.com/articles/federal-reserve-to-end-emergency-capital-relief-for-big-banks-11616158811</a>[/QUOTE]</p><p><br /></p>

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