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BUND BOND BAND defla-infla-hyper-zozzone, il G20 con la slogatura geopolitica-VM69
certi report mi fanno sganasciare Bonds mixed after disappointing Fed purchase
Treasury prices were mixed Tuesday after the Federal Reserve bought up fewer bonds than expected.
The Fed said it will buy $300 billion worth of Treasury debt over the next six months in an effort to drive down interest rates on consumer and business loans and help ease the credit crunch.
On Monday, investors expected the Fed to purchase between $4 billion and $5 billion, but only $2.5 billion was snapped up. "This disappointment caused the weak long [bonds] to sell and pretty much killed the mood for the day," Kevin Giddis, managing director of fixed income at Morgan Keegan, wrote in a research report.
The Fed, which bought $15 billion in bonds last week, expects to hold two to three purchase operations per week over the next six months. It has bought $17.5 billion so far in bonds, and it also plans to buy $750 billion in mortgage-backed securities.
"Remain calm, all is well," Giddis wrote. "The big guy will show up with the cash. He is committed."