All the QE's are already biting Bernanke on the butt. Maybe he will soon be hoping for an economic crash to get rates back down. All he has to do is stop printing and it will happen.
Good Job Obama Pawn.
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At the end of July, the Federal Reserve held $1.98 trillion in U.S. Treasuries. That figure represents just over half of the Fed's $3.6 trillion balance sheet.
Scott Minerd, the Global Chief Investment Officer at Guggenheim Partners notes:
"Our estimate shows that the spike in bond yields since the first quarter of this year has caused a mark-to-market loss of $192 billion on the Fedâs holding assets, equivalent to approximately all of the unrealized gains that the Fed had accumulated since it began to implement quantitative easing in late 2008. Although in keeping with their own accounting principles the Fed does not record mark-to-market losses, a continued increase in bond yields would incur actual losses should the central bank decide to sell assets."
http://www.etfguide.com/commentary/1095/Bond-Losses-at-Federal-Reserve-Top-$192-Billion/
Good Job Obama Pawn.
----
At the end of July, the Federal Reserve held $1.98 trillion in U.S. Treasuries. That figure represents just over half of the Fed's $3.6 trillion balance sheet.
Scott Minerd, the Global Chief Investment Officer at Guggenheim Partners notes:
"Our estimate shows that the spike in bond yields since the first quarter of this year has caused a mark-to-market loss of $192 billion on the Fedâs holding assets, equivalent to approximately all of the unrealized gains that the Fed had accumulated since it began to implement quantitative easing in late 2008. Although in keeping with their own accounting principles the Fed does not record mark-to-market losses, a continued increase in bond yields would incur actual losses should the central bank decide to sell assets."
http://www.etfguide.com/commentary/1095/Bond-Losses-at-Federal-Reserve-Top-$192-Billion/
