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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?


To: LLCF who wrote (69942)4/13/2014 5:41:46 AM
From: DuckTapeSunroof  Respond to of 71588
 
The markets control long rates.

(Not the Fed. Their influence is at the short end of the curve.)

And yes... I do believe that Treasury has been very foolish in recent years by issuing so much short-term debt obligations instead of taking advantage of the history-making low long-term rates that the market has been offering.

Hell... there is such a pent-up demand for quality long-term sovereigns that even Greece, Ecuador (and soon Argentina) have been able to successfully place long-term debt in the global market, at what I would think would be ridiculously low yields.