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They have to be reeeeaaaallllly careful how they do this or they could "bankrupt" themselves...
Also,They have been buying about $20B / month in MBS lately (dealing with pre-pays due to the refis last months...):http://newyorkfed.org/markets/ambs/operations/lastTwenty.htmlI'm sure they are "getting a good deal for the taxpayer" in the process....If they ever stop "rolling over balances", imo we could get one hell of a bond rally....rsp,
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They have to be reeeeaaaallllly careful how they do this or they could "bankrupt" themselves...
Also,
They have been buying about $20B / month in MBS lately (dealing with pre-pays due to the refis last months...):
http://newyorkfed.org/markets/ambs/operations/lastTwenty.html
I'm sure they are "getting a good deal for the taxpayer" in the process....
If they ever stop "rolling over balances", imo we could get one hell of a bond rally....
rsp,
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