http://blogs.reuters.com/great-debate/2009/04/30/uncertain-fed-support-sinks-bonds/ Wed, 19 Jun 2013 18:39:45 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/great-debate/2009/04/30/uncertain-fed-support-sinks-bonds/comment-page-1/#comment-13731 Peter Blyth Fri, 01 May 2009 04:03:56 +0000 http://blogs.reuters.com/great-debate/?p=3265#comment-13731 This helps clarify that there is no such thing as a free lunch. If the Fed buys debt issued by Treasury then the end result is that it transforms the effective maturity of that from long term to short term. This is hardly a sustainable long term position. This helps clarify that there is no such thing as a free lunch. If the Fed buys debt issued by Treasury then the end result is that it transforms the effective maturity of that from long term to short term. This is hardly a sustainable long term position.

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