400 Billion: Size of ‘Operation Twist’ From FOMCSeptember 22, 2011 2:17 am
The Fed today announced that it will buy long term bonds and sell short securities – to the tune of 400 billion dollars.
“The Fed announced: “The Committee intends to purchase, by the end of June 2012, $400 billion of Treasury securities with remaining maturities of 6 years to 30 years and to sell an equal amount of Treasury securities with remaining maturities of 3 years or less. This program should put downward pressure on longer-term interest ratesand help make broader financial conditions more accommodative.”
Statistics Source: CountingPips