How The End Of QE Roiled The Volatility Markets
The world's most potent central bank, the Federal Reserve, officially halted its third round of Quantitative Easing (QE) on 29 October 2014. Since then, the S&P 500 is some 4.7% higher while the shape of the Treasury yield curve has become radically different, Fed jawboning not withstanding.
The then Fed Chairman, Ben Bernanke, started "tapering" the central bank's $85bn/month in securities purchases in February of 2014, gently kneading the market's dough - signaling the imminent cessation of kool-aid administration that the markets have so loved since debuting in 2009.
READ MORE: http://www.businessoffinance.com/ins...tility-markets
The world's most potent central bank, the Federal Reserve, officially halted its third round of Quantitative Easing (QE) on 29 October 2014. Since then, the S&P 500 is some 4.7% higher while the shape of the Treasury yield curve has become radically different, Fed jawboning not withstanding.
The then Fed Chairman, Ben Bernanke, started "tapering" the central bank's $85bn/month in securities purchases in February of 2014, gently kneading the market's dough - signaling the imminent cessation of kool-aid administration that the markets have so loved since debuting in 2009.
READ MORE: http://www.businessoffinance.com/ins...tility-markets