End of Fed's bond-buying program prompts uncertainty

05/6/2011 | CNBC

The Federal Reserve plans to end its $600 billion bond-buying program next month, prompting uncertainty in the bond market. Political debate about the debt ceiling is another concern for the market, with PIMCO already pulled out of Treasurys. Recent history suggests other buyers might dive into the Treasury market after the Fed exits. "Buyers came back after the end of the first program, and we think they will again," said Ira Jersey of Credit Suisse Group.

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