Tag Archives: Operation Twist

Chart of the Day: Operation Twisted Yield Curve

Posted on December 12, 2012 by

Interesting chart from Bloomberg on how the Fed’s treasury holdings have changed under operation twist, or more formally, the Maturity Extension Program and Reinvestment Policy. After the end of the month no more selling of the short end to buy … Continue reading →

Posted in Bonds, Chart of the Day, Economics, Monetary Policy | Tagged , , | 1 Comment

Is the Bond Market’s Arab Spring Upon Us?

Posted on March 14, 2012 by

Ugly action in bonds over the past few days. In last month’s post,  Is the Fed ready for the bond market’s Arab Spring?, we suspected the Fed needed more ammo to continue their repression of long-term rates.   Yesterday Mr. Bernanke … Continue reading →

Posted in Black Swan Watch, Bonds, Budget Deficit, Sovereign Debt, Sovereign Risk | Tagged , , | 1 Comment

“Rent Control” Misnomer

Posted on March 2, 2012 by

A friend of the Global Macro Monitor corrects us on our post, Fed’s “Rent Control” Policies Starting to Distort, The fact that the fed is fiddling with the yield curve disguises the equilibrium price of LT debt. The way the fed … Continue reading →

Posted in Monetary Policy | Tagged , | Leave a comment

Is the Fed Contributing to the Credit/Mortgage Crunch?

Posted on September 27, 2011 by

One of the smartest hedge fund managers we know spends most of his day locked away in his office analyzing how the market consensus could be wrong.  He hangs with au contraire crowd, breaking bread with contrarians and demands you … Continue reading →

Posted in Black Swan Watch, Bonds, Budget Deficit, Monetary Policy | Tagged , , , | 13 Comments