The Fed

One has to wonder why the fed didn't raise rates. They are increasing reserves for banks also making sure a certain percentage of the loans are good. This is great for the dollar. It makes US treasuries attractive because the coupon payment is in dollars. Also one would be gaining some forex exposure because the dollar is raising in value. That being said TLT is way under valued here.

Raising rates would have made our debt look very attractive for foreign countries.