A Bloomberg survey indicates 19 out of 20 primary dealers expect the Fed will announce Operation...

|By:, SA News Editor

A Bloomberg survey indicates 19 out of 20 primary dealers expect the Fed will announce Operation Twist or a close variant at this week's FOMC meeting. The Fed holds $520B of Treasury debt due in 2014 and sooner that could be sold and reinvested into longer terms ranging from 2018 to 2039 - a move that could push the 10-year as low as 1.60%, according to CRT Capital Group.