Does the SPR offer the White House a tool for influencing the oil market in any way comparable to how forward guidance by the Federal Reserve affects bond markets?
Any important relationship is a durable bond that goes back and forward in time, and it is often viewed as grossly disloyal not to favor friends and relatives in business dealings.
"A Royal Affair" is a tale of love and intrigue centered on a triangle involving an ailing Danish king, his queen and the monarch's forward-thinking physician, played by former Bond villain Mads Mikkelsen.
Contracts expiring beyond one-year forward saw implied yields rise by seven basis points while government bond futures expiring in September fell by one-half point to trade at 125.81 carrying a yield of 2.94% as its yield crossed back above those available on comparable treasuries.
In addition to purchasing mortgage-backed securities, the committee said Operation Twist, the bond swapping program, will be extended through the end of the year and its forward guidance through 2015.