Apr 12: Dominic Konstam on quantitative easing

Dominic Konstam, head of interest rate strategy at Credit Suisse, says: "The main thrust of what the Fed is doing is working on the asset side of the balance sheet in the sense of directly trying to support the assets where they would like to see lower yields than otherwise, in particular the mortgage market. So the thrust of their balance sheet expansion is all about buying mortgages.