Fed decides on $400 billion bond swap

WASHINGTON (MarketWatch) — The Federal Reserve on Wednesday, fearful of a “slow” economy, decided to start a program to twist the yield curve by swapping shorter-maturity government securities for longer-dated ones. In a statement, the Fed said it will buy $400 billion of Treasury securities in the 6- to 30-year range and sell an equal amount of maturities of 3 years or less. The purchases would b

[fujikumo]

FRBは、低成長の経済をおそれて、FRBの所有する短期国債を売り、それと交換に長期国債を買い入れることによって、イールドカーブを「ひねる」政策を開始する。4000億ドルの規模。10年物国債の利回りは1.87%まで低下