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zipjet

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zipjet

Re: jbog post# 110907

Tuesday, 12/14/2010 7:29:00 PM

Tuesday, December 14, 2010 7:29:00 PM

Post# of 257267
T-rates dropped sharply before the QE2 purchases ever started and they have rebounded since. Such front-running is common in the treasury market.

Your claim was that QE2 was monetizing the debt - that is not true.

It is also misleading to think of QE2 as principally directed at interest rates of the treasury series. The purpose is broader.

Sorry about saying $600M when it was $600B. Mia culpa. I do the same thing with gigabytes and terabytes. Things have gotten BIG.

ij

There are times when rules and precedents cannot be broken; others when they cannot be adhered to with safety. (Thomas Joplin)

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