US dollar swap lines

It is reported that Arthur Hayes, the founder of BitMEX, pushed that the US Federal Reserve’s provision of US dollar swap lines to other central banks would help reduce the selling of treasury bond bonds to the liquidity market and help small US banks. Arthur Hayes: The Federal Reserve provides dollar swap lines to other central banks as a rescue method Analysis based on this information:In recent news, Arthur Hayes, the founder of BitMEX, reportedly advocated that the provision of US dollar swap lines by the US Federal Reserve to other central banks could help reduce the selling of treasury bond bonds and prove beneficial for small banks in the US. A US dollar swap line is essentially a funding arrangement between two central banks; one bank exchanges US dollars with the other bank in exchange for their own currency. These swap lines are used to provide liquidity to the foreign central banks, and the aim is to prevent a…