If the Fed announces a new QE program this afternoon, one could do worse than selling Treasurys....
Thursday, September 13, 2012, 10:45 AM ETIf the Fed announces a new QE program this afternoon, one could do worse than selling Treasurys. Bond yields have rallied sharply (very cool graphic here) after the past two QE efforts were launched. It was only after the Fed closed shop on its purchases that yields resumed sliding. It's simple, says Jeff Gundlach: QE is stimulative, therefore one should expect yields to rise while it is ongoing.
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