St. Louis Federal Reserve Bank President James Bullard Thursday night said he doubted Fed policymakers will prolong the Maturity Extension Program or "Operation Twist" when it expires at the end of December, but said they could "replace" it to some extent.
Bullard: Don't Think FOMC to Extend Operation Twist; May Replace
NOV 9, 2012 7:26am ET
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A recent phenomenon is the emergence of bonds with shorter call protection as funding alternatives for municipalities. However, the shorter call protection also dampens the potential upside for investors, which in turn reduces the price they are willing to pay.
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