Bernanke Hints at Possible Expansion of Treasury Purchases – Market Update

Bonds are up this morning following comments from Fed Chairman Ben Bernanke last night on the television show “60 Minutes,” where he indicated that the economy is “not self-sustaining,” and that the central bank may expand the $600 billion in Treasury purchases in an attempt to spur growth (essentially, a QE3). This week’s economic releases will do little to move the market so the focus will be on Treasury auctions and Europe’s debt problems.

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