Treasury prices soared yesterday and this morning as news of the Fed's plan to sell $400 billion of shorter-term debt and buying $400 billion of longer-term debt. The goal of "Operation Twist" is to put downward pressure on long-term interest rates to help make financial conditions for borrower's more friendly. The announcement of the plan also inplies that the Fed believes the current economic condition is in need of some help, which may direct investors into the safer investments.
RE/MAX Realty Affiliates - Carson City, NV
CDPE, SFR carsonvalleyland.com
OMG ... I'm not stupid ... How the heck am I suppose to take this news! I appreciate your expertise but .. as Joe Six Pack ... what does this mean?
Sep 22, 2011 04:51 PM
Rainer
90,444
90,444
Ryan P. McDonough
Licensed Loan Officer
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