The Fed picks up post-QE2 with its ongoing open market operations (where it reinvests proceeds...

|By:, SA News Editor

The Fed picks up post-QE2 with its ongoing open market operations (where it reinvests proceeds from agency debt and agency MBS), buying $2.88B in Treasurys maturing 2015-2016, of $13.478B offered by dealers. The shorter end of the curve gets a lift: 10-year yield -0.02 to 2.93%; five-year -0.05 to 1.45%. But 30-year: +0.03 to 4.28%.