This is because fears of possible deflation are smaller than when the Fed last embarked upon quantitative easing, plus 10-year Treasury yields are already low.
With U.S. economic growth remaining lackluster, the debate rages on whether the Fed will embark upon another round of bond-buying in 2012, widely known as quantitative easing.
Through its program of quantitative easing, the Fed bought billions upon billions of Treasury paper to suppress American mortgage rates and ease the pain of the housing bust.