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Fed’s twist moves hurts company pension plans
Aaron Pressman
09/21/2011
www.reuters.com
The Federal Reserve’s ‘Operation Twist’ to bring down bond yields and stimulate the economy is likely to cause pain for the nation’s largest pension funds, already struggling with funding shortfalls from the recent stock market decline.
Hit both by falling stock prices and falling bond yields, the 100 largest pension plans of public U.S. companies have [...]
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