Fed WSJ Article on QE/Twist
From: Fed Weighs ‘Sterilized’ Bond Buying if It Act Many Fed officials believe strongly the bank reserves it has created as part of this money
From: Fed Weighs ‘Sterilized’ Bond Buying if It Act Many Fed officials believe strongly the bank reserves it has created as part of this money
Seems to me the force keeping yields down on the short end can be called operation tweet, as the Fed is simply announcing its forecasts