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Daily Archives: September 21, 2011

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Operation Twist

The Fed intends by the end of June 2012 to purchase $400 billion of Treasury securities with remaining maturities between six years and 30 years and to sell bonds maturing in three years or less.

Watch this analysis from CNBC.

Long term interest rate moved sharply after the news: 30-year Treasurys now is below 3%, lower than the market panic period after Lehman’s collapse.

Obama’s failed green promise