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

As Gross Reiterates His Call for A Top in Bonds, TBT Seems to Bottom

Bloomberg summarized the latest missive from Bill Gross in a piece called “Fed Easing to Signify End of Bull Market, Gross Says.” Gross called an end to the 30-year bull market in bonds thanks to the the Federal Reserve’s planned second round of quantitative easing. I decided to read Gross in his own words, and … Read more