Fed to buy US Treasuries?!
Bernanke yesterday said he may use less conventional policies, such as buying Treasury securities, to revive the economy, because his room to lower the main U.S. rate from the current 1 percent level is “obviously limited.” Even so, reducing the rate is “certainly feasible,” he said.
This is just WRONG.
Check these yields out. Not pretty.
Daily Treasury Yield Curve Rates
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