The bond market got a big shock in March when the Federal Reserve announced plans to buy $300 billion of Treasuries. Rates on long-term bonds, which had been rising, dropped 17% in a single day as prices soared. Traders who bet against Treasuries took a nasty hit while managers who owned them got a quick boost.rnInvestors don't know how to deal with this new and massive force in the bond market. "The Fed's like a hedge fund at a poker game," says Jason R. Graybill, a senior managing director at Carret Asset Management.
展开▼
机译：3月，当美联储宣布计划购买3000亿美元美国国债时，债券市场受到了巨大冲击。随着价格的飙升，一直在上涨的长期债券的利率单日下跌了17％。押注国债的交易员受到了沉重打击，而拥有国债的管理者得到了迅速的提振。投资者不知道如何应对债券市场上这种新生力量。 Carret Asset Management的高级董事总经理Jason R. Graybill说：“美联储就像扑克游戏中的对冲基金一样。”
展开▼
