Risky Business: Bernanke Fed Should Buy More MBS After Jackson Hole
- Thursday, August 25, 2011, 20:39
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Markets are trying to position themselves for whatever Bernanke throws at them Friday from Jackson Hole. While most expect some mild form of Operation Twist, an extension of the Fed?s balance sheet average duration, analysts at Barclays propose moving further down the risk continuum and shifting the composition toward MBS (mortgage backed securities), helping to trigger the coveted portfolio balance effect.
http://www.forbes.com/sites/afontevecchia/2011/08/25/risky-business-bernanke-fed-should-buy-more-mbs-after-jackson-hole/