Annmarie Hordern
@annmarie
Mornings with @bsurveillance, Chief Political Correspondent @BloombergTV, term member @CFR_org, LDN-DC-NY, friends call me AMH.
Joined July 2009
2.8K Following 62K Followers
And— Happy Birthday @elerianm ! 🥳
Now YCC is far from a free lunch. While it can help bring down longer-end yields in the immediate/short term, thus helping mortgage and other borrowing costs, it risks collateral damage and unintended consequences. Morever, the effects of this financial engineering are short dated unless followed by fundamental policy adjustments.
#economy# #yields# #bonds# #markets#
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