Hints and tips:
...John Spinello, strategist at Jefferies & Co said: “The market had expected the Fed would focus on buying more mortgages and not target the purchase of Treasuries at their current yield levels.”...
...“There is a concern that the Fed knows something about the economy or perhaps they believe there will be less buying from the Chinese, so they have decided to push rates sharply lower,” says John Spinello...
...Mr Spinello expects the market to hold at current levels until the end of the month....
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