Long-term Treasury yields that continue near all-time lows even as the economic numbers improve and risk goes full-on in 2012? Look no further than Operation Twist, under which the Fed has purchased 91% of the government's 20-30 year debt issuance. What happens when the Fed stops? What happens to the Fed's balance sheet if rates rise?
Long-term Treasury yields that continue near all-time lows even as the economic numbers improve...
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