Saying he is “very supportive” of Operation Twist last week, Federal Reserve Bank of Boston president Eric Rosengren noted that the move took 18 basis points off 30-year Treasury yields and 22 basis points from 30-year mortgage rates the first day it was announced, and more since.

“Since some of this action had been anticipated and already reflected in market prices, I view this as a very significant decline,” Rosengren said in a speech in Stockholm, according to a prepared text released by the Fed.

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