40% Chance of QE3 - Analyst

Strategist Eric Green of TD thinks there is a 40 percent chance that the Fed will deliver on so-called QE3. The recent step to extend Operation Twist is a step in that direction, although not everyone agrees. More QE would be concentrated on mortgage backed securities and would only have a modest effect. Short term flattening momentum is not likely to continue, and longer-term rates could end the year higher than current levels, notes Green.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• DA Davidson Reiterates Buy Rating on Tractor Supply Company (TSCO) Amid Soft Q2 Expectations
• Morgan Stanley Downgrades National Retail Properties (NNN) to Equalweight, 'Thesis Played Out'
• Washington Federal (WAFD) PT Raised to $40 at DA Davidson