Fed’s QE Plans Send TBT Surging on Record One-Day Volume
The Federal Reserve announced its plans to drive quantitative easing (QE) part 2 by maintaining the reinvestment of “…principal payments from its securities holdings purchasing…[and purchasing] a further $600 billion of longer-term Treasury securities by the end of the second quarter of 2011, a pace of about $75 billion per month.” The New York Fed … Read more