Fed's `Operation Twist', Market Reaction

Sept. 22 (Bloomberg) -- Nick Sargen, chief investment officer at Fort Washington Investment Advisors, talks about market reaction to the Federal Reserve's action yesterday. The central bank will extend the average maturities of the Treasuries in its portfolio by purchasing $400 billion of long-term debt while selling an equal amount of shorter-term securities, the Federal Open Market Committee said in Washington after ending a two-day meeting. Sargen speaks with Deirdre Bolton, Erik Schatzker, and Michael McKee on Bloomberg Television's "InsideTrack." (Source: Bloomberg)