AuH20
11-16-2010, 06:17 PM
Now what Ben? Foreign capital is fleeing for the exits at a consistent pace. I hope you believe in a higher power because only a miracle could save you and your creature.
http://blogs.forbes.com/greatspeculations/2010/11/16/bonds-and-dollar-defy-bernanke/
The Fed’s QE2 plan to buy $600 billion of Treasury bonds over the next seven months is intended to drive long-term interest rates lower in an effort to lower borrowing costs, including mortgage rates. The program began last week. But it isn’t working.
“Bond king” Bill Gross of PIMCO, the world’s largest and arguably most successful bond fund manager, had warned that the Fed’s plan could have the opposite result, driving bond yields higher (bond prices lower) and ending the 30-year bull market in bonds.
http://blogs.forbes.com/greatspeculations/2010/11/16/bonds-and-dollar-defy-bernanke/
The Fed’s QE2 plan to buy $600 billion of Treasury bonds over the next seven months is intended to drive long-term interest rates lower in an effort to lower borrowing costs, including mortgage rates. The program began last week. But it isn’t working.
“Bond king” Bill Gross of PIMCO, the world’s largest and arguably most successful bond fund manager, had warned that the Fed’s plan could have the opposite result, driving bond yields higher (bond prices lower) and ending the 30-year bull market in bonds.