Markets - Market News
Williams: Fed Buys to Go Deep into Last Half of 2013
Monday, January 14, 2013
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The Fed will need to buy mortgage-backed securities and longer-term Treasury securities "well into the second half of 2013," as uncertainty continues to hold back the recovery, Federal Reserve Bank of San Francisco President and CEO John C. Williams said Monday.

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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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