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November 2011<br />
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Market backdrop<br />
Operation Twist is the US Federal<br />
Reserve's latest attempt to stave off<br />
some of the worrying aspects of the<br />
uncertain economic climate. In<br />
essence, they will be selling shorter<br />
dated bonds and buying longer dated<br />
ones. Their hope is that this has the<br />
effect of driving up values and<br />
consequently lowering yields.<br />
In effect, reducing longer term interest<br />
rates which are directly linked to the<br />
yields. Their dilemma is whether they<br />
are doing the right thing, whether it<br />
will be enough and where do we go<br />
from here?<br />
<br />
This desire to keep interest rates low&<a title="Oracle 5 - November 2011 page 1" href="http://viewer.zmags.com/publication/7ae099ad?page=1">oracleTwo "Five Stars" for our serviceNovembe</a> oracleTwo "Five Stars" for our serviceNovembe<a title="Oracle 5 - November 2011 page 2" href="http://viewer.zmags.com/publication/7ae099ad?page=2">November 2011Contents03 For</a> November 2011Contents03 For<a title="Oracle 5 - November 2011 page 3" href="http://viewer.zmags.com/publication/7ae099ad?page=3">Technical Insight – for adviser use onlyoracle3</a> Technical Insight – for adviser use onlyoracle3<a title="Oracle 5 - November 2011 page 4" href="http://viewer.zmags.com/publication/7ae099ad?page=4">November 2011ForewordHello. W</a> November 2011ForewordHello. 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