22nd September 2011
Yesterday saw the FED keep a hold on rates and launch its new funding program last used in the 1961. The 'TWIST' program which means the Fed buys long term bonds funded by selling short term ones, is supposed to flatten the interest rate curve and assist in providing capital for growth while maintaining low costs.
$400 billion will get pumped into the long end hopefully giving the equities markets some relief for the 4th quarter. The dollar rallied and long bonds yields dropped. S&P dropped to clsoe aropund the 1160 level.
The US markets wanted more or expected more to boost their dismal economy , it doesn’t look like they got it. Greece anyone?
Posted by Andrew Johnston
Begin trading today! Create an account by completing our form
At One Financial Markets we are committed to safeguarding your privacy.
Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.
Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.
Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.
By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.