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Looking for a job http://www.lizpurcell.com/volantpharmacom-2a77.pdf#document volantpharma.com The firm’s view is that the Fed’s most likely to put off tapering at next week’s meeting, an outcome to which it assigns a 55% probability. Even if the Fed does begin to taper its bond purchases, the firm expects a smaller start, in the range of $10-15 billion, than a bigger start of $20 billion or more. Additionally, the firm thinks MBS issuance is going to “slow dramatically†in the coming months, meaning the Fed would have to taper its purchases of MBS by an even larger amount to have a visible effect on rates.
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