actually it should be helping only shorter term notes, focus of
POMO is primarily under 10 years TSY's as I noted here previously,
that is why the yield curve is going flatter to 10's and steeper
out to 30 years. what is different in QE2 is that they are in
the market virtually every day. the new calendar shows days,
maturity they are buying and approx amount. like medicine, if
you take it every day you are going to build up an immunity....
JMHO
FWIW, then of course there is the 'issue' of Ireland's explosive
debt situation (Portugal coming up next) and what the EURO folks
will have to do about it, the old domino theory, PIIGS this time
around. Can they handle 2 countries going belly up at the
same time (as this time has to be different). let's combine
all that with the G20 meeting, maybe it's time for the dollar to
bounce for a bit, just to show the World that we aren't really
trashing the dollar (just yet, maybe next year)..
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POMO
USD Futures Breakout?
Posted by hazbin1 on 11th of Nov 2010 at 02:08 pm
actually it should be helping only shorter term notes, focus of POMO is primarily under 10 years TSY's as I noted here previously, that is why the yield curve is going flatter to 10's and steeper out to 30 years. what is different in QE2 is that they are in the market virtually every day. the new calendar shows days, maturity they are buying and approx amount. like medicine, if you take it every day you are going to build up an immunity.... JMHO
FWIW, then of course there is the 'issue' of Ireland's explosive debt situation (Portugal coming up next) and what the EURO folks will have to do about it, the old domino theory, PIIGS this time around. Can they handle 2 countries going belly up at the same time (as this time has to be different). let's combine all that with the G20 meeting, maybe it's time for the dollar to bounce for a bit, just to show the World that we aren't really trashing the dollar (just yet, maybe next year)..