What are the potential consequences if policymakers are forced to tighten monetary policy sooner than planned?
Bill Gross Says Another 'Operation Twist' May Be Ahead

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What is the significance of the deficit mentioned in the context of central bank financing?
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Explain the concept of 'Operation Twist' and its relevance to current monetary policy.
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How do long-term interest rates influence mortgage rates and the housing market?
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Discuss the implications of the current trends in the 10-year and 30-year bond markets.
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