Wednesday, August 24, 2011

Bernanke to try to flatten the yield curve...

Many expect Bernanke to give support on Friday to a version of "Operation Twist," a '50s-era program to flatten the yield curve. If that happens, long-term Treasury buyers could be looking at lower returns going forward. Risk-averse investors have poured billions into Treasury funds this year, widening the spread between long-term Treasurys and corporate debt.

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