QE Ahead
QE # whatever now looks to be on the way. Yellen has been mentioning it and this method has been done in the past. The old bond swap trick.
From Armstrong:
Besides inflation, the other problem that governments are having is that there is a lack of a bid on the long end. That is why Yellen proposed swamping in long-term for the short-term. Furthermore, it is becoming obvious that Western governments are pushing for war with Russia and China. Institutions have been frantically calling us about restructuring their portfolios because war is coming, they see the debt expanding and rates rising further so why buy the long-term only to lose money?
Operation Twist is a program of quantitative easing used by the Federal Reserve.
Once she starts this there will be no escape this time, SFGC showed the TNX ready to explode higher, she will have to act.