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YellowBull

06/05/12 5:13 PM

#2315 RE: Rivers 1 #2314

Rivers what do you think operation twist was? The fed unwound long term securities to buy up mid term bounds which created an artificial demand thus directly reducing rates. The 10 year bond has a historic low now below 1.5%. Don't kid yourself without the QE rates would not be this low. This was their direct intention as mortgage rates are based off of mid term bond rates.

Look where 10 year rates have went since QE operation twist last year.