Coke Market Report September
2012-10-10 13:42:32 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1 Financial overview
1. FED announces QE3 policy
The Federal Reserve (FED) announced the third quantitative easing policy (QE3) on Sep 13. The policy included purchasing USD40 billion of MBS per month, and FED will purchase USD85 billion of debt in the year end plus procurement of long-term treasury bonds in twist operation. FED will maintain the current Federal funds target rate unchanged until mid term of 2015 with reinvestment plan of matured principal. However, FED did not announce the finished date of the policy nor specific volumes of debt procurement, but it only said it will adjust the policy according to improvement of US unemployment. The open-ended policy indicated the decision of FED to decline US employment market.
1. FED announces QE3 policy
The Federal Reserve (FED) announced the third quantitative easing policy (QE3) on Sep 13. The policy included purchasing USD40 billion of MBS per month, and FED will purchase USD85 billion of debt in the year end plus procurement of long-term treasury bonds in twist operation. FED will maintain the current Federal funds target rate unchanged until mid term of 2015 with reinvestment plan of matured principal. However, FED did not announce the finished date of the policy nor specific volumes of debt procurement, but it only said it will adjust the policy according to improvement of US unemployment. The open-ended policy indicated the decision of FED to decline US employment market.
