Bernanke Buys $7 Billion In 7 Year Bonds
PIMCO alone is one thing. PIMCO and the FED combined is a whole new ballgame not even the bond vigilantes have much of an appetite for.
Even as he was testifying today, Ben was hitting the Green means Gobble button on his blackberry. The end result: $7 billion bought out of $18.6 billion in submitted orders. The other end result: Jenny Craig 0, Fed Balance Sheet Liabilities +7,000,000,000