BOND BUYING BY THE FEDS – THE ‘TWIST’
SEPTEMBER 21, 2011, 10:12 A.M. ET The Fed ‘Twist’ That Won’t Dance Bond-buying creates an obvious conflict of interest because the Fed’s portfolio loses value if it raises interest rates. By DAVID MALPASS EXCERPT FROM THIS ARTICLE: The Fed will get attaboys from markets if it buys more bonds. The bond market loves a whale, […]
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