"The plan is to sell $400 billion in Treasurys coming due in the next few years and use the cash to buy Treasurys due between six to 30 years from now."
Do you know this is another $400 billion dollar loan for the Private Corporation, the Federal Reserve Corporation, to the taxpayers of the USA and since bankers are bankers, we must be providing some collaterol? If someone can explain this in detail please do so. Thank you. Also, what makes the Fed presume that anyone will want to buy the $400 billion in short term Treasuries?