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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (184553)	2/17/2009 11:20:00 PM
From: James Hutton	Read Replies (4) \| Respond to of 306849

Bernanke has been "hinting" the Fed would buy long-term treasuries to try to keep mortgage rates down and prop up the housing market. Before the last meeting, 30-years rose in anticipation that Bernanke would make clear that they would be buying long bonds, but when he only continued to suggest the Fed might, they sold off. The one dissenter thought the Fed should clarify that it would buy 30-years instead of just suggesting it. I think it will happen, but that's just my opinion. I think O is talking about the $50 plan to support housing tomorrow. My guess is he/Geithner are coordinating with the Fed on this, so I'd listen carefully if you're interested in TBT/TLT.