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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: MythMan who wrote (417835)9/21/2011 5:31:19 PM
From: NucTrader  Read Replies (1) of 436258
 
Read somewhere suppressing the long end, per Ben, is designed to lower mortgage interest rates and get the big refi thingy going. But it appears that those buying mortgage paper aren't happy with the low interest rates that would generate, putting upward pressure on mortgage rates. Yes it's all meaningless, but in the Fed notes there's 400 billion of POMOs in the next 8 months. Wouldn't go balls to the wall short here, just step aside.
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