Professor Y: Bill Gross Warns QE3 Is Coming In The Form Of “Operation Twist” For...

professory:

Bill Gross Warns QE3 Is Coming In The Form Of “Operation Twist” For The 2-Year (ZH)

Because long-term interest rates represent averages of current and expected future short-term rates, plus a term premium, a commitment to keep short-term rates at zero for some time — if it were credible —…