After Fed announced this plan, it enticed buyers to enter the bidding process and push stocks markedly higher. Financial stocks were red hot and provide leadership to the broader market.
Target fed fund lending rate was as expected to be maintain within the range 0.00%-0.25%. This exceptionally low range would be expected to be extended longer.
For the next 6 months, the Fed will buy 300 billion treasuries. The 10 years notes surges after the news and finished almost 4 points higher, pushing its yield down to a two-month low 2.55%.
The Tiger
- Options Investing
- KL, Malaysia
- I am a tiger in the game of stock trading. I relentlessly looking for candidates to trade. When it is an inflection point. You would see i am actively participate in the game.
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