Business & Finance
SMBC market head: hard for Fed to do QE3
TOKYO : The head of market operations at Japan 's Sumitomo Mitsui Banking Corp, the core commercial bank of SMFG, said
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TOKYO: The head of market operations at Japan's Sumitomo Mitsui Banking Corp, the core commercial bank of SMFG, said on Tuesday he believes it would be hard for the United States to carry out further quantitative easing.
Seiichiro Takahashi, SMBC's managing director and head of treasury unit, also said an interview with Reuters that he expects to see heightened volatility in financial markets in the near future.
He said the yield on the 10-year US Treasury bond is likely to move between 2-2.7 percent this year.
Copyright Reuters, 2010
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