Is the U.S. Treasury Department Undermining QE2?
February 17, 2011 at 11:20 AM EST
According to Jim Hamilton, the answers is yes. He shows that the average maturity of publicly-held U.S. debt continues to grow despite the Fed’s QE2 program. This should not be the case. Under QE2, the Fed is purposefully trying to lower the average maturity of Treasury securities for reasons that will be explained later. The [...]
