Norway’s Sovereign Wealth Fund Sold All U.S. Mortgage Bonds

There goes the Fed's plan to keep mortgage interest rates low.  As the Street floods the market with US Treasury and mortgage-backed paper, it will become increasingly difficult for the Fed to pin interest rates low.  Of course, they can extend the charade longer with more bouts of bond purchases, a.k.a., QE 3.0.

http://www.bloomberg.com/news/2011-10-28/norway-s-sovereign-wealth-fund-sold-all-u-s-mortgage-bonds.html