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Fed Buys Another $2 Billion in Treasuries

We don’t need no effin’ QE2. The more they buy, the more they force Treasury yields down and the more people will refi and the more MBS will get prepaid which will require the Fed to buy more Treasuries and the more they buy, the more they force Treasury yields down and the more people….

Get the picture? Or should I restate? :angry:

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