Arthur Hayes: This Week's Fed Report Is Worth Watching, Could Open the Door to a UST-backed CBDC

August 3rd, Arthur Hayes stated that it is necessary to pay attention to the release of this week's Federal Reserve H.4.1 report to confirm whether the Japanese Ministry of Finance has repurchased its government bonds in exchange for dollars, and then sold these bonds to buy yen. If the US Treasury Secretary is able to successfully raise the counterparty limit, the Federal Reserve can use the Japanese Ministry of Finance's government bonds as collateral to create currency.